The stock market can be a high-stakes game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to get back to where you were at your peak. If you’re immersed in the water it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve discovered an option that can help you in your growth in the industry. This review will be taking the time to 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.
Overall Rating: 4.1/5 Tim Sykes Agora Financial
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed, transparent, accountable, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of this platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form 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 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 magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” This idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers and secondly) allowing all users to gain insight into both the wins and losses to the benefit of the trading industry. Tim Sykes Agora Financial
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared at achieving success. You may set up an account at no cost, however you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and expertise, connect your brokerage account, and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. You’re not just allowed to show your worth to a group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the credibility of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could opt to post your trades, verified or not, by taking pictures. In Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom as well as 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 personality who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small businesses to transition to a market that is larger as it gives them access to money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have earned substantial profits from their combined years of knowledge. Tim Sykes Agora Financial
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. 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 as well as 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Agora Financial
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also have access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this package you’ll be given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort and filter your trades and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re interested in gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $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 however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats that could be a disadvantage for those anticipating this level. Tim Sykes Agora Financial
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 each month with 22% off for annual billing This plan offers everything. You will have full, unrestricted access to all features from the two 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 a private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of these is its online store, where customers can choose from a wide array of videos that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you will see it on social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly, it is seen as a place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. 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 the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able choose from the items on its store online that they can take with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that trading is a risky game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know how it works and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to develop their trading skills. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Tim Sykes Agora Financial
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- Since traders can choose to post any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Tim Sykes Agora Financial
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s range of resources useful as they do their best to avoid loss and perform better than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to learn from your peers and experts on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Tim Sykes Agora Financial
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade section of the dashboard which lets you post your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is shown by the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.