Stock trading is an extremely risky game. Some days, you might have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it could be very difficult to return to where you were your peak. If you are immersed in the water, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your 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. We’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Chatroom
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders new to trading and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
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 transparency and honesty: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The idea Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) giving all users to gain insight into both losses and wins for the trading industry’s benefit. Timothy Sykes Chatroom
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared towards achieving the success of their business. It is possible to create an account there at no cost, however you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and expertise, connect your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into how the community of traders performs and its experts. It’s not just a way to demonstrate your worth to a community of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of divulging your brokerage account, you can decide to share your trades, verified or not, by taking photographs. Included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile, and more ways to interact with your experts via chatrooms 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 well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition to a large marketplace as it allows them to access money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. 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 through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have made substantial profits through their years of experience. Timothy Sykes Chatroom
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase in 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; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of earlier plans including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released 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 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 trading profits. Timothy Sykes Chatroom
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile application, 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 and access to a knowledgeable base provided by Superman himself through the 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 previous lessons. On top of that you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this package, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of 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 is $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to use many of the features of the novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders that might be a drawback for those eager to try this new tier. Timothy Sykes Chatroom
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, which includes an additional 22% discount for annual billing, this tier has everything. You get full, no-holds-barred access to all features from the two prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to select from a variety of videos designed to inform and guide you through the ins and outs of trading. The products listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and footage 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 variety of services and features. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat support. But in Profit.ly it’s seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One might be more laid back and not very often 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 the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can choose from the items on its store online that they can take with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable to the newcomers. 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 plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of features to their best advantage to develop their skills in trading. Like novices, they can learn from the experts and experts and utilize 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. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Timothy Sykes Chatroom
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You get to be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary features, 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 variety of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the many services the platform has to offer
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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 would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, you need to have an open mind. Timothy Sykes Chatroom
What we mean by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s variety of resources useful when they try their best to incur lesser losses and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Timothy Sykes Chatroom
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the ‘My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities left and right.