Stock trading can be an extremely risky game. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to return to the point you were at your most productive. If you are immersed in the water it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve found an option that can help you in your growth in the market. In this review, we’ll take the time to look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Timothy Sykes Lessons
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
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 ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for all users to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Lessons
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed at achieving success. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account, and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to show value to a community of traders, as you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can choose to publish your trades, whether verified or not, via screenshots. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small companies to move into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish 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 establish Profit.ly as a place for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial profits from their collective years of knowledge. Timothy Sykes Lessons
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, as well as 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, upgraded version of the Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, including alerts for swing trading and access to an extensive 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 under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Lessons
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. It is in this plan that you can create a private profile to share with other associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their trading skills. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats that could be a disadvantage for those eager to try this new tier. Timothy Sykes Lessons
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be the right choice 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 provide. One of these is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly it’s seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One might be more laid back and less active, while another may be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of the 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. Given the wide range of options it offers this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works and the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Lessons
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be taught by experts and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its customers
- As traders may opt to post any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Lessons
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources to be helpful when they try their best to reduce losses and be more successful than before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes Lessons
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the “My Trade’ category of the dashboard which lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.