Stock trading can be an extremely risky game. Some days, you could enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to where you were your peak. If you are constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered a platform that can support you in your improvement in the market. In this review, 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.
Overall Rating: 4.1/5 How To Get Started Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide array of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication that help traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” This idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers as well as) allowing anyone on the platform to learn from the losses and wins to the benefit of the trading industry. How To Get Started Tim Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed at achieving success. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate value to a large group of traders, as you can also use Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you may opt to post your trades, either verified or otherwise, through screenshots. In Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile, and more ways to interact with your experts 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 his involvement in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for under $5 for each share. The penny stock market can be seen as a stepping stone for small companies to move to a market that is larger as it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of knowledge. How To Get Started Tim Sykes
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this 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 we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and 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, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. How To Get Started Tim Sykes
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge 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 lessonsthat include a growing library of all other previous ones. In addition you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this package, you will be immediately given a slew of robust and vital 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 do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create an account that is private to share with other associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their trading skills. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders this might be a drawback for those anticipating this level. How To Get Started Tim Sykes
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month with 22% off for annual billing, this tier has it all. You will have full, unrestricted access to all features of the prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating an individual profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of these is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. However, in 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 style in operating their chat room and in dealing with the members. One of them may be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they be. Additionally, they can gain practical experience trading on the platform, however they’ll realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like novices, they can learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. How To Get Started Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education, 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 real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. How To Get Started Tim Sykes
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s array of resources to be helpful when they try their best to incur lesser loss and perform better than before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to be taught by your mentors and peers along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ How To Get Started Tim Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the “My Trade category on the dashboard which lets you record your trades, verifiable or not. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you post it manually or through pictures, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to 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 stock market opportunities all over the world.
