Stock trading is an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to get back to the point you were at your best. If you are immersed in the water it is important to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your growth in the market. We’ll take a look at Profit.ly, a well-recognized 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 Full Name
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries 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 form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” This idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and students and newsletter writers, and 2) allowing all users to learn from the losses and wins to the benefit of the trading industry. Tim Sykes Full Name
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving success. You may set up an account on the site at no cost, however you’re only limited to having access to 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, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to show value to a group of traders, but you are also able to use Profit.ly to shop 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 sharing information about your account with a brokerage, you can opt to post your trades, whether verified or not, by taking photographs. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their collective years of expertise. Tim Sykes Full Name
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus 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 look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A single purchase 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, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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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 trading profits. Tim Sykes Full Name
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you’re interested in have an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package lets you to use the majority of features available in The Novice package. It is in this plan that you are able to create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their expertise in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able view other traders’ statistics this could be a problem for those who are eager to try this new tier. Tim Sykes Full Name
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes a 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all options of the previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users pick from a range of video products created to provide guidance on the ins and outs of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on area where experts and members trade 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 of them may be laid back and not very often engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able to choose from the items in its online store for them to take wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the road, we consider Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as adept at handling trading matters, the pros already understand the way it functions and the risky mix that come with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Tim Sykes Full Name
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You will receive excellent training and tips from the in-house gurus, including 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 whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s yes. But you need to understand that it shouldn’t be treated 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 Full Name
What we mean”yes” is it is a fantastic learning tool. People who are stuck may discover Profit.ly’s range of resources helpful 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 benefit from the platform. It is able to accommodate novices and even experts!
If you truly care about being better at trading and wish to learn from your fellows and gurus on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Full Name
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or not. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.