The stock market can be an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to the point you were at your most productive. If you are constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you in your improvement in the market. This review will be taking a look at Profit.ly A well-respected all-in-one 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Tim Sykes Trading Checklist
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those new to trading and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” This idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts and students and newsletter writers, and 2) making it possible for all users to be enlightened by the losses and wins for the trading industry’s benefit. Tim Sykes Trading Checklist
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of services and features geared towards achieving achievement. You may set up an account on the site for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to show your worth to a community of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could opt to post your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading courses 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 notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small businesses to transition into a larger market because they can access funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned significant amounts of profit through their years of experience. Tim Sykes Trading Checklist
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos 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 both small-cap monumental stocks and crazy-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 Trading Checklist
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 access daily stock watchlist that is premarket as well as the mobile app, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition you’ll also gain the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you’re interested in have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. In this plan, that you can create an account that is private to share with fellow associate users all the 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: Cater people who want to improve their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders this could be a problem for those anticipating this level. Tim Sykes Trading Checklist
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, with an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which allows users to pick from a range of videos designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and scenes 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 features and services. You may be familiar with chat rooms since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a real-time place where gurus and their 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 there. One might be more laid back and rarely active, while another may be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. Additionally, they can choose from the items on its store online to carry with them wherever they may be. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that this is a risky game that should not be viewed as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as proficient in handling trading matters however, experienced traders know how it works along with the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Tim Sykes Trading Checklist
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep curiosity. Tim Sykes Trading Checklist
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s range of resources useful in their efforts to reduce losses and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become a better trader and want to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Tim Sykes Trading Checklist
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the “My Trade section of the dashboard which allows you to post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is 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 in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.
