Stock trading is an extremely risky game. On some days, you might have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your peak. If you find yourself immersed in the water You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your improvement in the industry. We’ll take an in-depth look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Timothy Sykes Brokers 2021
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all 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 trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts, but also the newsletter authors and students, and 2) allowing anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Timothy Sykes Brokers 2021
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed at achieving success. You may set up an account on the site at no cost, however you’re only given access to the leaderboards and monitor 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 join one of Profit.ly’s deals that we’ll review in the coming days.
Making an account simple: Create an account with your experience and skills, join to your brokerage account and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group and its gurus. You’re not just allowed to show your worth to a community of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, as well as 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 trading guru who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place for 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 sweet inclusions is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their combined years of experience. Timothy Sykes Brokers 2021
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. With that taken into consideration Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Brokers 2021
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. In addition to the basic features that are 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 get an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager 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 started. The platform has three membership levels, each designed for traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice 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 provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you’re interested in have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. It is in this plan that you can create a private profile to share with other associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their trading skills. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics, which might be a drawback for some who may be looking forward to this tier. Timothy Sykes Brokers 2021
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, and a 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the option of creating your own private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can select from a variety of videos created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms as well as some specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a place where gurus and their members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. Some may be a laid-back person who is rarely active, while another may be more active and in touch to their pupils. Think of chatrooms as 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, ranging from novices to the most experienced. With the variety of deals it offers it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts as well as their members. Additionally, they can select from the products on its store online to carry with them wherever they may be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to them as the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works along with the stack full of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to develop their skills in trading. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Brokers 2021
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you need to have an open mind. Timothy Sykes Brokers 2021
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s range of resources helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be more successful in trading and would like to be taught by your mentors and peers along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Timothy Sykes Brokers 2021
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the “My Trade section of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.