The stock market can be an extremely risky game. Some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to the point you were at your best. If you are immersed in the water, you will have to realize that relying on your instincts and preserving 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. Additionally, you’ll require an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement within the field. We’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes And Friends
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features such as chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the 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 guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never done before.” The concept Sykes said served two objectives: one) making public records for all traders, not just the gurus, but also the newsletter authors and students, and 2) allowing everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes And Friends
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of tools and services that are geared 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 follow the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to demonstrate value to a community of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can decide to share your trades, whether verified or otherwise, through screenshots. In Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile as well as other ways to interact with your experts via chatrooms 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 trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trader. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their collective years of knowledge. Timothy Sykes And Friends
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. With that taken into consideration, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released every week.
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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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes And Friends
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market commentary shown in real time, and SMS and e-mail 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, via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what 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 world. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private account, making your personal information public. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. It is in this plan that you are able to create an account that is private to share with other associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their trading skills. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ stats this could be a problem for some who may be eager to try this new tier. Timothy Sykes And Friends
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. At $74.95 per month, and 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create an individual profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users choose from a wide array of videos 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. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a space where experts and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One might be a laid-back person who is rarely active, while another may be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room advice by its internal gurus and their members. Additionally, they can select from the products from its online store for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that the process is a high-stakes game that should not be viewed as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as adept at managing trading but the experts already know how it works and the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes And Friends
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You’ll receive excellent training and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the number of services the platform has to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you should have curiosity. Timothy Sykes And Friends
What we do mean”yes” is that it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes And Friends
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the My Trade section of the dashboard which lets you record your trades, either verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you upload it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility 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 people are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.