Stock trading is an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be extremely difficult to get back to where you were at your most productive. If you’re immersed in the water it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your improvement in the market. We’ll be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Bio
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are starting out and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries that the site. Think of it as an online social media platform similar to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” This idea was, he said, serving two objectives: one) making public records for not just the gurus, but also the newsletter authors and students, and 2) making it possible for everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Timothy Sykes Bio
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving achievement. It is possible to create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and observe the activities 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 will need to join one of Profit.ly’s offerings, 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 the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at their performance as a trading group and its experts. It’s not just a way to prove value to a large group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the concept of leaking the details of your broker account then you could decide to share your trades, whether verified or not, via screenshots. In Profit.ly are a variety of trading courses and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency 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 sweet inclusions is the wide range of education resources, trade alerts, and other useful stuff offered 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 expertise. Timothy Sykes Bio
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most prominent experts included 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Bio
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready 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 up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows you to use a majority of features from The Novice package. In this plan, that you are able to create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats this could be a problem for those anticipating this level. Timothy Sykes Bio
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. With $74.95 each month which includes an additional 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all features from the two previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of other services they offer. One of these is its online store, which lets users choose from a wide array of videos that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a real-time space where experts and their members can interact 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 might be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, but eventually, 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 see Profit.ly equally suitable to people who are just beginning. While the newbies may not be as adept at managing trading, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to improve their skills in trading. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Bio
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include 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 other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase 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 unverifiable trades through photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you should have curiosity. Timothy Sykes Bio
What we do mean”yes” is it can be a great learning tool. People who are stuck might be able to find Profit.ly’s variety of resources useful when they try their best to incur lesser loss and perform better than they did before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to learn from your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Bio
How do you use Profit.ly to make your trades public?
Profit.ly offers 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:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.