The stock market can be a high-stakes game. On some days, you could have the benefit of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you’re constantly stuck in the gutter You will need to realize that relying on instinct and survival might not be enough.
If you’ve suffered occasional losses 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 globe, which is why we’ve found an online platform that will help you in your improvement in the industry. We’ll take a look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Timothy Sykes How To Study Level 2
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those new to trading and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as a social media site akin like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid 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 declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two objectives: one) making public records for all traders, not just the gurus as well as students and newsletter writers as well as) allowing anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes How To Study Level 2
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed at achieving the success of their business. You may set up an account at no cost, however you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offers that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to prove that you’re worthy to the group of traders, as you are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account then you could decide to share your trades, whether verified or not, via pictures. Included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, in addition to 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 personality who is famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market could be viewed as an opportunity for small companies to move to a market that is larger as it gives them access to capital from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their combined years of experience. Timothy Sykes How To Study Level 2
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: the founder as well as 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 packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A single purchase from 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, as well as texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes How To Study Level 2
The Superman Alerts package is his offer of the most essential features and trading alerts 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, daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. You can’t create a private account, making your actions public. If you do want to gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of the novice plan. It is in this plan that you can create an individual profile that allows you for sharing with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their trading skills. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ stats, which might be a drawback for those looking forward to this tier. Timothy Sykes How To Study Level 2
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount for billing annually the Pro plan has it all. 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 chance to create your own private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of other services they provide. One of them is the online store, which allows users to select from a variety of videos designed to inform and 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. These include best-selling products such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be more laid back and less engaged, while another could be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able to choose from the items in its online store to carry with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with managing trading but the experts already know the way it functions and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes How To Study Level 2
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for most of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it would be yes. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you should have curiosity. Timothy Sykes How To Study Level 2
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful in their efforts to reduce losses and perform better than before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become more successful in trading and would like to learn from your peers and experts along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes How To Study Level 2
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard. It lets you post your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is shown by the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.
