Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be extremely difficult to get back to the point you were at your best. If you find yourself immersed in the water You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you to improve your performance in the industry. We’ll be taking a look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Tim Sykes Who Is
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 allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people new to trading and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of this platform. Consider it an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are valid and won’t accept fake news as long 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.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” The idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts and newsletter writers and students and secondly) allowing everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Tim Sykes Who Is
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. You may set up an account for free, but you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its experts. It’s not just a way to demonstrate value to a group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may opt to post your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, as well as email and text alerts 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 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 is an opportunity for small businesses to transition to a market that is larger as it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place of 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 sweet inclusions is the variety of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made significant amounts of profit from their collective years of knowledge. Tim Sykes Who Is
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 most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. When we take that into account, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Who Is
The Superman Alerts package is his offer of the most essential features and trading alerts targeted 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 commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice 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 provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. In this plan, that you can set up an individual profile that allows you to share with other associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their skills in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics, which could be a disadvantage for those who are eager to try this new tier. Tim Sykes Who Is
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create a private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to pick from a range of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with 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 place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. Some may be a laid-back person who is rarely engaged, while another could be more active and in touch to their pupils. Consider 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 the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. Additionally, they can choose from the items from its online store for them to take wherever they be. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suited to them as the newcomers. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know how it works and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints throughout the process.
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 excitement! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Tim Sykes Who Is
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 a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers will immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Tim Sykes Who Is
What we mean”yes” is it can be a great learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful in their efforts to reduce losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your fellows and gurus throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Tim Sykes Who Is
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the “My Trade category on the dashboard that allows you to post your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot 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’s the likelihood that it can be verified. This is shown by the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities all over the world.
