Stock trading is an exciting game with high stakes. On certain days, you could have the benefit of pleasing and positive numbers. On other days it could be the reverse and it could be very difficult to return to where you were your best. If you are immersed in the water it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. This review will take the time to 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. 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 Before The Time
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people new to trading as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” The idea, he added, served two goals: 1.) making public records for not just the gurus as well as newsletter authors and students and secondly) giving anyone on the platform to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Before The Time
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared toward the success of their business. You can create an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its experts. You’re not just allowed to show that you’re worthy to the community of traders, as you are also able to use Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, then you could choose to publish your trades, either verified or otherwise, through pictures. In Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts via chatrooms as well as text and e-mail alerts and 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 delving his hands into 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 could be viewed as a stepping stone for small businesses to transition into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit through their years of knowledge. Timothy Sykes Before The Time
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this platform: the founder as well as penny-stock trader 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through 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 anticipate the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as 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 program. It costs $149.95 for a month it is a great option for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans including alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Before The Time
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 along with the mobile application, daily market updates in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, and filter your trades; and, lastly, view other people’s statistics.
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 account, making your activities publicly available. If you do want to have access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. This plan allows that you can set up an account that is private to share with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their trading skills. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats that could be a disadvantage for some who may be anticipating this level. Timothy Sykes Before The Time
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month and 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all options of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the chance to create your own private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, which allows users to pick from a range of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be a laid-back person who is less engaged, while another could be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able to choose from the items from its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly equally suited to them as the newcomers. While novice traders may not be as adept at handling trading matters, the pros already understand how it works along with the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. 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 Before The Time
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You will be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s numerous packages and services offered could be too much for most of its customers
- Since traders can choose to make any type of trade, there is an opportunity that some them will profit by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be 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 designed to be used to achieve this goal. Instead, you need to have an open mind. Timothy Sykes Before The Time
What we mean”yes” is that it can be a great learning tool. People who are stuck may find Profit.ly’s variety of resources useful as they do their best to incur lesser loss and perform better than before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Before The Time
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the “My Trade’ category of the dashboard which lets you post your trades that are verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application 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 works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.