Stock trading can be a high-stakes game. On certain days, you could have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be very difficult to get back to where you were at your peak. If you find yourself always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your growth within the field. We’ll be taking an in-depth look at Profit.ly is a well-known 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 The Timothy Sykes Foundation
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative, transparent, accountable, and encouraging each other through its broad variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those who are starting out and also as a platform for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” The concept was, he said, serving two purposes: 1) keeping track of public data for not just the gurus, but also the students and newsletter writers and secondly) making it possible for everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. The Timothy Sykes Foundation
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed at achieving success. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing 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 offers, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to prove that you’re worthy to the group of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account then you could choose to publish your trades, whether verified or not, by taking pictures. In Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom along with 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 is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The penny stock market is an opportunity for small businesses to transition into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as a trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial amounts of money from their combined years of experience. The Timothy Sykes Foundation
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, 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. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, it is a great option for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos and new videos released 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 trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. The Timothy Sykes Foundation
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile application, daily market updates in real time, and SMS and e-mail alerts.
The film “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 via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that cater to traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $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, which makes your actions public. If you’re looking to get access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the Novice plan. In this plan, that you are able to create a private profile to share with fellow associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you won’t be able view other traders’ stats that might be a drawback for those looking forward to this tier. The Timothy Sykes Foundation
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, and 22% off for annual billing, this tier has everything. It gives you full, unlimited access to all the features of the previous plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, where customers can pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is rarely active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room tips by its internal gurus and members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as proficient in handling trading matters but the experts already know 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 best advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. The Timothy Sykes Foundation
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services the platform has 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 would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, it is best to keep curiosity. The Timothy Sykes Foundation
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your peers and experts on the way, look no further – Profit.ly may be a great choice to start.
FAQ The Timothy Sykes Foundation
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the ‘My Trade category on the dashboard that lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting 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 is compatible with most functioning tablets and smartphones.
How many people are currently connected to 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 assist each other to learn and improve in acquiring opportunities in the stock market all over the world.
