Stock trading is an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were your best. If you’re constantly stuck in the gutter You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your improvement in the industry. We’ll take an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
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 Courses
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative responsible, transparent, and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people new to trading and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept, he added, served two purposes: 1) making public records for everyone, not just the experts as well as students and newsletter writers, and 2) making it possible for anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Tim Sykes Courses
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed toward the success of their business. You can create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to show your worth to a large group of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may opt to post your trades, either verified or not, via screenshots. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile as well as other ways to interact with your experts through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The penny stock market can be seen as an avenue for small companies to move to a large marketplace as they can access capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are 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 through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial profits through their years of expertise. Tim Sykes Courses
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices; email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Courses
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also gain access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign to this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re looking to get access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their skills in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics this might be a drawback for those eager to try this new tier. Tim Sykes Courses
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month with an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the chance to create a private profile. Both of these options, plus the other 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 tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few additional services that it can provide. One of them is the online store, where customers can select from a variety of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the site can be bought immediately for your 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 related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of 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. However, in Profit.ly the chat room is viewed as a 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 dealing with the members. One might be a laid-back person who is less active, while another might be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items from its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, however, they will soon learn that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as well-equipped with managing trading but the experts already know how it works along with the stack full of risks that it carries. Ideally, they may use Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Tim Sykes Courses
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous packages and services offered could be too much for a lot of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s 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 intended to be created in this way. Instead, you need to have the ability to think with an open heart. Tim Sykes Courses
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources helpful as they do their best to reduce losses and be more successful than before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Tim Sykes Courses
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the “My Trade category on the dashboard. It allows you to post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.