Stock trading is an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be extremely difficult to return to where you were your most productive. If you are immersed in the water You will need to realize that relying on instinct and survival is not always enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you to improve your performance within the field. We’ll take the time to 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.
Overall Rating: 4.1/5 Tim Sykes Above The Line
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are starting out as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” This idea, he added, served two objectives: one) making public records for all traders, not just the gurus and newsletter writers and students, and 2) making it possible for anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Tim Sykes Above The Line
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. You can create an account at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into the performance of the trading community as well as its experts. It’s not just a way to show your worth to a large group of traders, but you can also use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can choose to publish your trades, verified or not, via pictures. In Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile and other methods to connect with your gurus via chatrooms as well as 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 trader who has been famously known for his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small companies to move to a large marketplace as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency 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 education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit from their collective years of experience. Tim Sykes Above The Line
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this 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 look at the packages each guru has to 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 per month, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A purchase on its own of 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, 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, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional 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 trader who has 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 all-time trading earnings. Tim Sykes Above The Line
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you do want to get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. It is in this plan that you can create an account that is private to share with other associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their skills in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats, which could be a problem for some who may be eager to try this new tier. Tim Sykes Above The Line
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and an additional 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all the options of the previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the option of creating your own private profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can select from a variety of video products designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range 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 support. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One of them may be laid back and less active, while another might be more online and communicative with their students. Think of chat rooms 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 cater to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room advice from the in-house experts and their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they be. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a risky game that shouldn’t be treated as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works and the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance their skills in trading. Like beginners, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to guide them through the ever-illustrious trading process. Tim Sykes Above The Line
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via 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 bountiful stream of packages and products offered may seem overwhelming for most of its users
- As traders may opt to make any type of trade, there’s a possibility that some of them could profit from picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, 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. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Above The Line
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s variety of resources useful when they try their best to incur lesser losses and be more successful than they did before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Above The Line
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the ‘My Trade section of the dashboard. It lets you record your trades, either verified or not. There are three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.
