The stock market can be a high-stakes game. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were at your most productive. If you are constantly stuck in the gutter You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve found an online platform that will help you in your growth in the market. We’ll take an in-depth look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Is 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 enables traders of different levels to be informative, transparent, accountable, and encouraging each other through its broad array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions 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 with the help of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” The concept Sykes said served two objectives: one) creating public track records for not just the gurus as well as newsletter writers and students, and 2) making it possible for anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Is Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. It is possible to create an account on the site at no cost, however you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give 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 group of traders, but you can also utilize Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can choose to publish your trades, whether verified or otherwise, through photographs. Also included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts in the chatroom, in addition to notifications via email or text 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 has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The penny stock market could be viewed as an opportunity for small businesses to transition into a larger market because they can access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made substantial profits through their years of knowledge. Is Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in earlier plans including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Is Timothy Sykes
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary in real time, and SMS and e-mail 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 the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
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 help you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign to this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders this could be a problem for those anticipating this level. Is Timothy Sykes
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, and 22% off for billing annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the option of creating a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few other services they offer. One of those is its online store, which allows users to choose from a wide array of instructional videos that are created to help you understand the ins and outs of trading. All of the products featured 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 by trader 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 clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a area where experts and members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be a laid-back person who is rarely active, while another may be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and members. They’ll also be able choose from the items in its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Is Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its users
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it’s yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, you need to have an open mind. Is Timothy Sykes
What we are referring to”yes” is it could be a useful learning tool. People who are stuck may find Profit.ly’s variety of resources useful in their efforts to avoid loss and perform better than before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your mentors and peers along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Is Timothy Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the “My Trade category on the dashboard which lets you record your trades, either verified 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 inputting your trades with specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed on 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 in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.
