Stock trading can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it can be very difficult to return to the point you were at your most productive. If you find yourself always in the mud, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve discovered an online platform that will help you to improve your performance 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Tim Sykes Trading Videos
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those new to trading and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which was never done before.” This idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students as well as) giving everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Tim Sykes Trading Videos
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed at achieving achievement. You may set up an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need 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 to your brokerage account and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into the performance of the trading community 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 buy from a guru with the confidence that you are confident in their skills and the credibility of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, then you could opt to post your trades, either verified or not, via screenshots. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile and other methods to interact with your experts through the chatroom in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in the penny-stock market. 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 can be seen as an opportunity for small businesses to transition to a market that is larger as they can access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. At the age of 25, he had been given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He then made use of the show 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 platform for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their combined years of experience. Tim Sykes Trading Videos
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Trading Videos
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts package, 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 and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to use the majority of features available in the novice plan. It is in this plan that you can create a private profile to share with other associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ stats this could be a problem for those who are anticipating this level. Tim Sykes Trading Videos
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month with an additional 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features from the two previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the option of creating your own private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of these is its online store, which lets users select from a variety of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and in dealing with the members there. Some may be a laid-back person who is rarely engaged, while another could be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can choose from the items on its store online for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to the newcomers. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Tim Sykes Trading Videos
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You will be provided with excellent lessons 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 ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to 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 every person
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of services the platform has to offer
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, it is best to keep an open mind. Tim Sykes Trading Videos
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s array of resources useful in their efforts to avoid losses and be more successful than before. It’s not only the struggling traders who 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 better at trading and wish to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Tim Sykes Trading Videos
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades within the “My Trade category on 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 the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as 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 is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market both right and left.