Stock trading is a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it can be very difficult to return to the point you were at your best. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you in your growth in the market. In this review, we’ll be taking 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 Relationship Between Kumar And Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Consider it a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” This idea was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter authors and students, and 2) giving all users to gain insight into both losses and wins to benefit the industry of trading. Relationship Between Kumar And Tim Sykes
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. It is possible to create an account for free, but you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. You’re not just allowed to demonstrate your worth to a large group of traders. You can also utilize Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the veracity of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you may choose to publish your trades, verified or not, via photographs. Included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms in addition to 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, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks is a stepping stone for small businesses to transition into a larger market because it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as a trader. When he was 25 years old, he had been given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money from their collective years of knowledge. Relationship Between Kumar And Tim Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. 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 however, only two gurus remain on the platform: Founder and 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Relationship Between Kumar And Tim Sykes
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this package you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks 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 do want to get an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their trading skills. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ stats, which could be a disadvantage for some who may be eager to try this new tier. Relationship Between Kumar And Tim Sykes
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, and a 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all the options of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. 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 trainer tools and leaderboards, Profit.ly provides a variety of more services it has to offer. One of these is its online store, which allows users to pick from a range of video products created to guide you through the ins and outs of trading. Each of the offerings 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 specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and scenes from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on space where experts and their members trade and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members there. One of them may be more laid back and less engaged, while another could be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in dealing with trading issues but the experts already know the way it functions and the risky mix associated with it. Ideally, they may use Profit.ly’s variety of features to their full advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Relationship Between Kumar And Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to receive excellent training and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Relationship Between Kumar And Tim Sykes
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s range of resources helpful when they try their best to reduce losses and be more successful than before. It’s not only the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Relationship Between Kumar And Tim Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the “My Trade category on the dashboard. It lets you record your trades, either verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- 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 trusted brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.
