The stock market can be a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it can be very difficult to get back to the point you were at your most productive. If you’re constantly stuck in the gutter it is important to realize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance in the market. This review will 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 How To Find The Best Stocks To Trade
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of cutting-edge 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 worthy investments within the boundaries that the site. Consider it the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been prior to.” The idea Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes How To Find The Best Stocks To Trade
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving success. You can create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to prove your worth to a group of traders, as you can also use Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may decide to share your trades, either verified or not, by taking screenshots. In Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, 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 personality who is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trader. At 25 years old, he had been given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial profits through their years of expertise. Timothy Sykes How To Find The Best Stocks To Trade
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the most prominent experts were 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 of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
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 monthly, it is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans such as alerts for swing trading and access to an extensive library of more than 7,000 instructional 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 trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes How To Find The Best Stocks To Trade
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to help you up and running. 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.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to have an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the Novice plan. This plan allows that you are able to create an account that is private for sharing with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their trading skills. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able to view other traders’ stats this could be a problem for those who are eager to try this new tier. Timothy Sykes How To Find The Best Stocks To Trade
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes an additional 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all options of the previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create a private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of more services it has to offer. One of them is the online store, which lets users pick from a range of videos created to help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on place where gurus 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 listed members there. One might be a laid-back person who is rarely active, while another may be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for the newcomers. While novice traders may not be as well-equipped with managing trading but the experts already know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to improve their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes How To Find The Best Stocks To Trade
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its users
- If traders decide to open any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of features the platform is able to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you should have the ability to think with an open heart. Timothy Sykes How To Find The Best Stocks To Trade
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s array of resources helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be a better trader and want to learn from your mentors and peers along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes How To Find The Best Stocks To Trade
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the ‘My Trade’ category of the dashboard. It lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is an excellent 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 unverified trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.
