Stock trading can be a high-stakes game. On certain days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to where you were at your best. If you are always in the mud it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your growth in the market. This review will take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 How Much Does Tim Sykes Cost
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informative responsible, transparent, and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been previously done.” The concept was, he said, serving two goals: 1.) making public records for everyone, not just the experts and newsletter writers and students and secondly) giving everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. How Much Does Tim Sykes Cost
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared toward achievement. You may set up an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow 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 will need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its gurus. It’s not only a chance to prove your worth to a large group of traders, as you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable 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, you can opt to post your trades, either verified or not, by taking screenshots. Also included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile as well as other ways to interact with your experts via chatrooms along with 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 is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition to a market that is larger as they can access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish 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 sweet inclusions is the vast array of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make significant amounts of profit from their collective years of expertise. How Much Does Tim Sykes Cost
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, as well as 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, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. How Much Does Tim Sykes Cost
The Superman Alerts plan is his package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also gain the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what could call a ruthless process by itself.
The list of features you can accomplish 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 your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you do want to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from many of the features of the novice plan. This plan allows that you can set up a private profile to share with fellow associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their trading skills. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics, which could be a problem for those looking forward to this tier. How Much Does Tim Sykes Cost
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month and a 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance 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 in search of an account that will give you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of other services they offer. One of these is its online store, where customers can select from a variety of videos that are designed to educate and provide guidance on 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 like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms as well as some specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a space where experts and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be laid back and less active, while another may be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able choose from the items on its store online that they can take with them wherever they may be. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the road, we consider 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 how it works and the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. How Much Does Tim Sykes Cost
Profit.ly’s Pros and Cons
- Profit.ly’s numerous 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 will be taught by experts and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as 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 Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you should have curiosity. How Much Does Tim Sykes Cost
What we mean”yes” is it could be a useful learning tool. Those who may be stuck could find Profit.ly’s array of resources useful as they do their best to reduce loss and perform better than before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great choice to start.
FAQ How Much Does Tim Sykes Cost
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the “My Trade section of the dashboard that lets you post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.