Stock trading is an extremely risky game. On certain days, you might have the benefit 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 your most productive. If you’re always in the mud it is important to realize 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 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 improvement in the market. This review will be taking an in-depth look at Profit.ly, a well-recognized 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 Results From Beginning
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable, transparent, accountable, and encouraging 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 trading website that serves both as a learning and training platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” The idea Sykes said served two purposes: 1) creating public track records for not just the gurus and newsletter authors and students as well as) giving everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Tim Sykes Trading Results From Beginning
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared toward success. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and expertise, connect your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to demonstrate value to a large group of traders. You can also utilize Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, verified or otherwise, through photographs. Included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition into a larger market because they can access capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trading professional. When he was 25 years old Sykes was given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned significant amounts of profit through their years of expertise. Tim Sykes Trading Results From Beginning
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most prominent gurus included 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: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans which includes swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under 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 total trading profits. Tim Sykes Trading Results From Beginning
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge 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 weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price, there is a downside. You can’t create a private account, making your activities publicly available. If you’re looking to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of the majority of features available in The Novice package. This plan allows that you are able to create a private profile to share with other associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop 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 view other traders’ stats, which might be a drawback for those who are looking forward to this tier. Tim Sykes Trading Results From Beginning
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 per month, with a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of other services they offer. One of those is its online store, which lets users choose from a wide array of videos designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. One might be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that this is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at dealing with trading issues however, experienced traders know the way it functions and the risky mix associated with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Tim Sykes Trading Results From Beginning
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you should have an open mind. Tim Sykes Trading Results From Beginning
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources to be helpful as they do their best to avoid losses and perform better than before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really want to become better at trading and wish to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Tim Sykes Trading Results From Beginning
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the “My Trade’ category of the dashboard which lets you record your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market left and right.