Stock trading is an extremely risky game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be extremely difficult to get back to where you were your most productive. If you’re immersed in the water You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your growth within the field. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 How Did Timothy Sykes Make His Money
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative, transparent, accountable, and uplifting with each other by offering a wide array of tools and features like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people new to trading and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts as well as newsletter authors and students, and 2) allowing all users to learn from the losses and wins to the benefit of the trading industry. How Did Timothy Sykes Make His Money
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. It is possible to create an account there for free, but you’re only limited to having 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 subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to prove that you’re worthy to the community of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you can opt to post your trades, either verified or not, by taking pictures. Included in Profit.ly are the vast number of trading classes and the capability to see the stats of a trader’s account as well as other ways to interact with your experts through the chatroom 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 trading guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. At the age of 25 Sykes was given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial profits through their years of knowledge. How Did Timothy Sykes Make His Money
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the prominent experts included 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 the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes 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. How Did Timothy Sykes Make His Money
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition you’ll also have an access to high-quality research papers 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 leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels, each designed for traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in get the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow 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 caters for those looking to harness their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats, which could be a problem for those who are anticipating this level. How Did Timothy Sykes Make His Money
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, and 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of more services it has to offer. One of those is its online store, which lets users choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly the chat room is viewed as a area where experts and members trade and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members there. One might be more laid back and less active, while another might be more active and in touch in their interactions with students. Consider chat rooms as 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 caters to an array of stock traders, from novices to the most experienced. Given the wide range of options it has to offer this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able to choose from the items in its online store for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that this is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suited to those who are just starting. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. How Did Timothy Sykes Make His Money
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading 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 real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you need to have an open mind. How Did Timothy Sykes Make His Money
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s variety of resources helpful when they try their best to reduce loss and perform better than before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ How Did Timothy Sykes Make His Money
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the My Trade category on the dashboard that lets you post your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.
