Stock trading can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your best. If you find yourself always in the mud, you will have be aware that relying solely on pure instinct and preservation 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. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your improvement in the market. In this review, we’ll take an in-depth 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.
Overall Rating: 4.1/5 Tim Sykes Lesson Plan
Users Experience 4.5/5
Profit.ly is an online trading platform that allows 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.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources 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 that the site. Imagine it as the social media equivalent like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” The concept was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) giving anyone on the platform to learn from both losses and wins to benefit the industry of trading. Tim Sykes Lesson Plan
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed at achieving achievement. You can create an account at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account and you’ll have the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at the performance of the trading community and its experts. You’re not just allowed to demonstrate that you’re worthy to the large group of traders, as you can also utilize Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may decide to share your trades, verified or not, by taking photographs. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts through the chatroom in addition to 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 has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading is an avenue for small-scale businesses to make the transition into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trader. At 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made substantial amounts of money from their collective years of knowledge. Tim Sykes Lesson Plan
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: 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 look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, 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 program. It costs $149.95 for a month this is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Tim Sykes Lesson Plan
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re interested in get an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can set up an individual profile that allows you to share with other associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their trading skills. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for those eager to try this new tier. Tim Sykes Lesson Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create your own private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few more services it has to provide. One of these is its online store, where customers can pick from a range of video products created to guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other related to trading, videos and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You are probably familiar with the chat room since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be laid back and less engaged, while another could be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that trading is a high-stakes game that should not be viewed as a joke.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to develop their trading abilities. 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 doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Tim Sykes Lesson Plan
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- Since traders can choose to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, you need to have an open mind. Tim Sykes Lesson Plan
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s variety of resources helpful in their efforts to avoid losses and perform better than before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be better at trading and wish to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Lesson Plan
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard which allows you to post your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.