Stock trading is a high-stakes game. On some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your best. If you are constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you to improve your performance in the industry. We’ll take the time to look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Tim Sykes Interactive Brokers
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide array of tools and features including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders 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. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines that the site. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was based “on showing all trades, something that was never prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) making it possible for anyone on the platform to learn from both losses and wins to benefit the industry of trading. Tim Sykes Interactive Brokers
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving the success of their business. You can create an account on the site for free, but you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its gurus. You’re not just allowed to demonstrate your worth to a group of traders. You can also use Profit.ly to purchase with a professional with the confidence that you are confident with their expertise 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 decide to share your trades, verified or otherwise, through screenshots. In Profit.ly are the vast number of courses in trading as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts through the chatroom as well as 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 trading personality who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small companies to move to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of experience. Tim Sykes Interactive Brokers
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: the 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 we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, as well as texts, emails 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. It costs $149.95 monthly, this is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Interactive Brokers
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as 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 and access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards, analyze your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows users to benefit from a majority of features from the novice plan. This plan allows that you are able to create 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 for those looking to improve their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to see the statistics of other traders that might be a drawback for those looking forward to this tier. Tim Sykes Interactive Brokers
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating a private profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of more services it has to offer. One of them is the online store, which allows users to pick from a range of videos created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You may be familiar with the chat room since you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. One might be more laid back and not very often active, while another might be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to people who are just beginning. Although the novices might not be as well-equipped with handling trading matters, the pros already understand how it works and the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to develop their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Tim Sykes Interactive Brokers
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You get to receive excellent training and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, 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
The Cons
- Profit.ly’s numerous packages and services offered could be too much for most of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed in this way. Instead, you should have the ability to think with an open heart. Tim Sykes Interactive Brokers
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may discover Profit.ly’s array of resources to be helpful when they try their best to reduce losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Sykes Interactive Brokers
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades under the ‘My Trade section of the dashboard. It allows you to post your trades that are verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities left and right.
