Stock trading is a high-stakes game. Some days, you might have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite and it could be very difficult to return to the point you were at your peak. If you find yourself constantly stuck in the gutter it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth in the market. We’ll be taking a look at Profit.ly A well-respected 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. 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 Bbb
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said 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 objectives: one) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers and secondly) giving everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Timothy Sykes Bbb
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed toward success. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is simple: 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 your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to demonstrate your worth to a group of traders. You are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the credibility of their assertions.
If you are unsure about the concept of leaking your brokerage account, you may decide to share your trades, either verified or not, by taking screenshots. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, in addition to 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 well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks 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. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as a trader. At the age of 25, he had been given greater exposure and an even wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their collective years of experience. Timothy Sykes Bbb
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: Founder of the penny stock market 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: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when 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 and Android devices, text, e-mail, 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 per month, it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Bbb
The Superman Alerts plan is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition, you’ll also get access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. When you sign to this plan you’ll be offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we 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 chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you do want to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. In this plan, that you can set up an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to see the statistics of other traders, which might be a drawback for those who are anticipating this level. Timothy Sykes Bbb
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month with a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few other services they provide. One of them is the online store, which allows users to choose from a wide array of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. Some may be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from the in-house experts and their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. Like beginners, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Bbb
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users will immediately benefit from the many services that the platform can provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes Bbb
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s array of resources to be helpful as they do their best to reduce loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Bbb
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard which lets you record your trades, verifiable or not. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market all over the world.
