Stock trading is an extremely risky game. On some days, you might have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to where you were at your best. If you’re constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you in your improvement in the industry. This review will take the time to 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 Day Trading
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informed responsible, transparent, and encouraging one another through its wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are starting out and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast variety of tools to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter authors and students and secondly) allowing all users to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes Day Trading
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared towards achieving the success of their business. You may set up an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time You’ll 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 knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not just a way to show your worth to a group of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, then you could decide to share your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of trading classes 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 email and text alerts 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 delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a large marketplace as they can access money from the general 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 at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a place of 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 most appealing features is the wide range of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their combined years of knowledge. Tim Sykes Day Trading
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $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 in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
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 the perfect plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Day Trading
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself, via his Superman Pro package. In addition to the basic features that are 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 the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you do want to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. This plan allows that you can set up an account that is private to share with fellow associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their trading skills. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to see the statistics of other traders, which could be a disadvantage for those eager to try this new tier. Tim Sykes Day Trading
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating your own private profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which lets users select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. One of them may be more laid back and rarely active, while another might be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their skills in trading. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Tim Sykes Day Trading
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could 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 get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep an open mind. Tim Sykes Day Trading
What we mean”yes” is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s range of resources to be helpful as they do their best to reduce losses and be more successful than they did before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tim Sykes Day Trading
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the ‘My Trade’ category of the dashboard which lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 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 left and right.
