Stock trading can be an exciting game with high stakes. On certain days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were your most productive. If you find yourself immersed in the water it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve found an option that can help you in your improvement within the field. We’ll be taking 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 Timothy Sykes Bank Statements
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informative, transparent, accountable, and encouraging each other through its broad variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for trade and communication and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus and newsletter writers and students and secondly) making it possible for everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Timothy Sykes Bank Statements
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed towards achieving the success of their business. You can create an account for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at the performance of the trading community and its gurus. It’s not only a chance to prove that you’re worthy to the community of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the concept of leaking your brokerage account, then you could opt to post your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts through 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 guru who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading is a stepping stone for small businesses to transition to a large marketplace as it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their combined years of experience. Timothy Sykes Bank Statements
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: the 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 look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A single purchase of 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; texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Bank Statements
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed to this plan you’ll be provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging your fellow 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, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the novice plan. It is in this plan that you can set up a private profile for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able view other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Timothy Sykes Bank Statements
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and 22% off for annual billing, this tier has everything. You will have full, unrestricted access to all the features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create an individual profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, which lets users pick from a range of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from events like 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 range of services and features. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is rarely engaged, while another could be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of the forum in the 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 the most experienced. With the variety of deals it has to offer this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and members. They’ll also be able choose from the items 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 this is a risky game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to those who are just starting. Although the novices might not be as adept at managing trading, the pros already understand how it works and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Timothy Sykes Bank Statements
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its users
- If traders decide to make any type of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Bank Statements
What we mean”yes” is it can be a great learning tool. People who are stuck could be able to find Profit.ly’s array of resources helpful in their efforts to incur lesser losses and be more successful than before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Bank Statements
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the “My Trade section of the dashboard that lets you record your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- 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 a high likelihood that it can be verified. This is shown by the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.
