The stock market can be an exciting game with high stakes. On certain days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were at your peak. If you are constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve found a platform that can support you in your growth in the industry. In this review, we’ll take a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Setting Up An E Trade Account
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was based “on the transparency of all trades, something that was never done before.” The idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter writers and students and secondly) allowing anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Tim Sykes Setting Up An E Trade Account
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared toward the success of their business. You can create an account at no cost, however you’re only given access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs and its experts. It’s not just a way to prove your worth to a large group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the veracity of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you can opt to post your trades, whether verified or not, by taking pictures. Included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom as well as 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 trader who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. The penny stock market can be seen as an opportunity for small companies to move to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish 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 amazing features is the variety of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned significant amounts of profit from their collective years of expertise. Tim Sykes Setting Up An E Trade Account
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: the founder of the penny stock market 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 has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices; email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, such as alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Setting Up An E Trade Account
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with 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, plus access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also gain access to premium research reports as well as the 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 started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed to this plan you’ll be offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price, there is a downside. You can’t create a private account, making your actions public. If you’re interested in have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use 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 associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their skills in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. Tim Sykes Setting Up An E Trade Account
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with an additional 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all features from the two prior plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and guide you through 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 like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and footage 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 range of services and features. You’re probably familiar with the chat room as you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members there. One of them may be laid back and less engaged, while another could 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 to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that trading is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to people who are just beginning. Although the novices might not be as adept at handling trading matters but the experts already know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Tim Sykes Setting Up An E Trade Account
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its users
- Since traders can choose to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Tim Sykes Setting Up An E Trade Account
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources helpful in their efforts to reduce loss and perform better than before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as 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 throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Sykes Setting Up An E Trade Account
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the My Trade category on the dashboard which lets you post your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.
