Stock trading is a high-stakes game. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to return to the point you were at your peak. If you’re always in the mud You will need to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve found an option that can help you to improve your performance in the industry. This review will take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes Upfront Tution Cost
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informed responsible, transparent, and encouraging each other through its broad range of features and tools such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people new to trading as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade that help traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The idea was, he said, serving two objectives: one) creating public track records for not just the gurus as well as newsletter authors and students and secondly) allowing everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Tim Sykes Upfront Tution Cost
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared towards achieving success. You may set up an account for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to prove value to a community of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you are unsure about the concept of leaking your brokerage account, you can opt to post your trades, verified or not, by taking pictures. In Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts via chatrooms 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 trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trader. At the age of 25, he had been given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms as well as 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 of transparency, and to allow the community to rise and compete 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 company’s internal gurus. The gurus in question refer to the trading experts who have made significant amounts of profit from their combined years of knowledge. Tim Sykes Upfront Tution Cost
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the prominent experts 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 the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts and unlimited access to an extensive 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 under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Upfront Tution Cost
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is 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 an ever-growing library of other previous ones. On top of that, you’ll also get access to premium research reports and the IPO as well as earnings tracking tool.
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 get you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you do want to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their trading skills. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able view other traders’ statistics this might be a drawback for those who are looking forward to this tier. Tim Sykes Upfront Tution Cost
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes 22% off for annual billing This plan offers everything. You will have full, unrestricted access to all options of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, where customers can select from a variety of instructional videos that are 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 bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You’re probably familiar with the chat room since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their members can interact and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be laid back and rarely active, while another might be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they may be. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly equally suited to them as those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand how it works and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints to help them along.
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 enjoyment! Trade professionals 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 navigate them through the ever-changing trading process. Tim Sykes Upfront Tution Cost
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its users
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘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 intended to be created to achieve this goal. Instead, you should have an open mind. Tim Sykes Upfront Tution Cost
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s range of resources useful in their efforts to reduce loss and perform better than they did before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Tim Sykes Upfront Tution Cost
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the “My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- 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’s an excellent chance that it is verifiable. This is evident by the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.
