Stock trading can be a high-stakes game. Some days, you might have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be very difficult to return to where you were at your peak. If you’re always in the mud, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your improvement in the market. We’ll be taking a look at Profit.ly A well-respected 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. 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 As A Business
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The concept was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as students and newsletter writers as well as) making it possible for anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes As A Business
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared at achieving success. You can create an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you may decide to share your trades, verified or not, by taking photographs. In Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms along with 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 trader who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, 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 through their years of expertise. Tim Sykes As A Business
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the 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 has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices; texts, emails 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 package. It costs $149.95 per month, it is a great option for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes As A Business
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you started. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this package you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to take advantage of many of the features of The Novice package. In this plan, that you can set up an account that is private 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 is exactly what it says caters for those looking to harness their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to see the statistics of other traders that could be a problem for those who are anticipating this level. Tim Sykes As A Business
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month and a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all features of the previous plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create an individual profile. Both of these options, on top of all the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, which allows users to pick from a range of videos that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes taken from 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 array of services and features. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn 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 laid back and rarely active, while another may be more interactive and online with their students. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they go. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable to people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s variety of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Tim Sykes As A Business
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for a lot of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Tim Sykes As A Business
What we mean”yes” is that it could be a useful learning tool. People who are stuck may find Profit.ly’s array of resources to be helpful when they try their best to reduce loss and perform better than before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes As A Business
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the My Trade category on the dashboard which allows you to post your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities left and right.