Stock trading can be a high-stakes game. On some days, you could enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were your best. If you are always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve found a platform that can support you in your growth within the field. We’ll be taking 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.
Overall Rating: 4.1/5 How To Find Sec Filings Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be informed responsible, transparent, and encouraging one another through its wide variety of tools and features 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 serves both as a learning and education platform for traders who are starting out and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The concept, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus and students and newsletter writers and secondly) making it possible for everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. How To Find Sec Filings Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared at achieving success. You may set up an account for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to prove that you’re worthy to the group of traders. You can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account then you could choose to publish your trades, verified or not, by taking photographs. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as they can access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trader. At the age of 25, he had been given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial profits through their years of expertise. How To Find Sec Filings Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when trading.
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; texts, emails and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. How To Find Sec Filings Timothy Sykes
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other 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 looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that cater to traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed to this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging 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, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. This plan allows that you can create a private profile to share 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 is exactly what it says catering to those who desire to improve their skills in trading. As nice as it seems, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics that could be a problem for some who may be eager to try this new tier. How To Find Sec Filings Timothy Sykes
Pro Plan
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, with a 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all options of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create your own private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which allows users to select from a variety of videos created to help you understand the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos and footage of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be a laid-back person who is not very often active, while another might be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to them as the newcomers. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. How To Find Sec Filings Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You will receive excellent training and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready 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 authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, you should have an open mind. How To Find Sec Filings Timothy Sykes
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s range of resources useful in their efforts to reduce loss and perform better than before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you really care about being more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ How To Find Sec Filings Timothy Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the My Trade category on the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities all over the world.
