Stock trading is an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were at your best. 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 experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the world, which is why we’ve found an online platform that will help you in your improvement in the industry. We’ll be taking an in-depth look at Profit.ly is a well-known one-stop 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 Without A Home
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those new to trading and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus, but also the newsletter writers and students, and 2) making it possible for anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Tim Sykes Without A Home
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of services and features geared toward achievement. You can create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to show value to a community of traders, as you can also use Profit.ly to buy from a guru with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may opt to post your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom along with 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 guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading is an opportunity for small companies to move to a market that is larger as it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial amounts of money from their combined years of experience. Tim Sykes Without A Home
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in 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 to iOS as well as Android devices, 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. Priced at $149.95 monthly, this is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Without A Home
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; 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, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you do want to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. In this plan, that you can set up a private profile to share with other associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders that might be a drawback for those who are anticipating this level. Tim Sykes Without A Home
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes 22% off for billing annually This plan offers everything. It gives you full, unlimited access to all the options of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create your own private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few other services they provide. One of them is the online store, where customers can select from a variety of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured in this section of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You may be familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. Some may be a laid-back person who is less engaged, while another could be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of a forum, in its 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 novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly equally suitable to the newcomers. While novice traders may not be as well-equipped with managing trading, the pros already understand the way it functions and the risky mix that come with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to improve their trading abilities. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature 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 or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Tim Sykes Without A Home
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not offer refunds, as the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Without A Home
What we mean”yes” is it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Tim Sykes Without A Home
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the My Trade section of the dashboard. It lets you post your trades that are verified or not. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
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 most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.