Stock trading can be a high-stakes game. On some days, you could have the benefit of positive and satisfactory numbers. On other days it could be the reverse and it can be extremely difficult to return to the point you were at your best. If you’re immersed in the water, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you to improve your performance in the market. This review will be taking an in-depth 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.
Total Rating: 4.1/5 Tim Sykes Swing Trades
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 enables traders of all levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts, but also the newsletter writers and students, and 2) allowing anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Tim Sykes Swing Trades
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. You can create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to show your worth to a large group of traders. You can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you are unsure about the idea of sharing the details of your broker account you can choose to publish your trades, verified or not, via screenshots. In Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms 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 the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading is an opportunity for small businesses to transition into a larger market because it allows them to access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as trader. When he was 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to develop 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 uplift and compete against each other on 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 platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their collective years of experience. Tim Sykes Swing Trades
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the prominent gurus 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own in 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 texts, emails 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, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is a great option for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, including alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Swing Trades
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally you’ll also gain the ability to access premium reports on research 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 field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you are able to create an account that is private to share with fellow associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their trading skills. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Tim Sykes Swing Trades
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. With $74.95 per month, and a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all options of the previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, which lets users choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a hands-on space where experts and their members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members. Some may be more laid back and rarely engaged, while another could be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able to select from the products from its online store to carry with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as adept at dealing with trading issues however, experienced traders know how it works and the plethora of risks that it carries. Ideally, they may use Profit.ly’s array of features to their best advantage to improve their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Tim Sykes Swing Trades
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts 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 as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, you should have an open mind. Tim Sykes Swing Trades
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Tim Sykes Swing Trades
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the “My Trade section of the dashboard that lets you record your trades, verifiable or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is the chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
