The stock market can be an extremely risky game. On certain days, you may have the benefit of pleasing and positive numbers. However, on other days you may experience the opposite and it could be very difficult to get back to the point you were at your best. If you find yourself always in the mud, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your improvement within the field. This review will be taking an in-depth look at Profit.ly A well-respected all-in-one 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 Day Trading
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad array of tools and features such as 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 serves both as a learning and education platform for traders 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. Offering users a broad range of resources for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was based “on showing all trades, something that was never previously done.” This idea Sykes said served two objectives: one) making public records for all traders, not just the gurus as well as newsletter authors and students and secondly) making it possible for everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Day Trading
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared toward achievement. You may set up an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities 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 that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to show your worth to a group of traders, but you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the veracity of their claims.
If you are unsure about the idea of divulging the details of your broker account you can opt to post your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile and other methods to connect with your gurus through the chatroom along with 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 famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market can be seen as a stepping stone 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 can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality show “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 to establish Profit.ly as a platform 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 wide range of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made significant amounts of profit from their combined years of knowledge. Timothy Sykes Day Trading
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise 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 this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize 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 and the mobile application that is available on iOS as well as Android devices, texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is a great option for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has 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 all-time trading earnings. Timothy Sykes Day Trading
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition, you’ll also get an access to high-quality research papers as well as 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 market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the capability to check trades and track profits; leading, following, and even messaging other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in gain an account with this option, 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 package. In this plan, that you can set up an account that is private to share with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to develop their trading skills. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to view other traders’ statistics that could be a disadvantage for those eager to try this new tier. Timothy Sykes Day Trading
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, and an additional 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all features from the two previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of 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
In addition to the tools for training and leadersboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are created to help you understand the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips of events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One of them may be a laid-back person who is less active, while another might be more active and in touch with their students. Think of chat rooms like 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 are geared towards a large variety of stock traders, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able to choose from the items from its online store to carry with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly equally suited to them as the newcomers. While the newbies may not be as well-equipped with managing trading but the experts already know how it works along with the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Day Trading
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its users
- If traders decide to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes Day Trading
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s array of resources helpful in their efforts to reduce losses and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be a better trader and want to learn from your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Day Trading
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.