Stock trading can be a high-stakes game. Some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were at your most productive. If you are always in the mud it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried 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 a platform that can support you in your growth in the industry. We’ll be taking an in-depth look at Profit.ly A well-respected 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 Tim Sykes 500
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 all levels to be informative, transparent, accountable, and uplifting with each other through its broad array of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” The concept Sykes said served two objectives: one) creating public track records for not just the gurus, but also the newsletter authors and students as well as) allowing anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes 500
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared toward success. You can create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, 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 show your worth to a large group of traders, as you can also use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the veracity of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you may opt to post your trades, verified or not, via screenshots. Included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile as well as other ways to interact with your experts 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 personality who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market can be seen as an opportunity for small businesses to transition into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits from their combined years of expertise. Tim Sykes 500
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the prominent gurus 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 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 we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes 500
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also have the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you do want to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can create an account that is private to share with other associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to develop their expertise in trading. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ stats, which could be a problem for those who are eager to try this new tier. Tim Sykes 500
Pro Plan
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, and an additional 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve 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 Leaderboards Profit.ly has a few other services they provide. One of these is its online store, which lets users pick from a range of video products created to provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes from events like 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 array of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating 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 online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based 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 choose from the items from its online store to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works along with the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like novices, they can study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Tim Sykes 500
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could be too much for most of its users
- As traders may opt to make any type of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Tim Sykes 500
What we mean”yes” is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources helpful when they try their best to incur lesser loss and perform better than they did before. Not only struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Tim Sykes 500
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the ‘My Trade section of the dashboard. It lets you record your trades, verifiable or not. There are three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app works with all 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 trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities both right and left.
