The stock market can be an exciting game with high stakes. On certain days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to return to where you were at your peak. If you’re immersed in the water it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your growth in the market. We’ll be taking a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Live Trade
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders who are starting out and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The idea Sykes said served two objectives: one) creating public track records for everyone, not just the experts and students and newsletter writers as well as) giving anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes Live Trade
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. It is possible to create an account there 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 what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate value to a large group of traders, but you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you can decide to share your trades, verified or otherwise, through pictures. In Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile and other methods to communicate with your gurus via chatrooms as well as email and text alerts 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 delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell because of his decades of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their collective years of experience. Timothy Sykes Live Trade
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field 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 the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, as well as 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 package. At $149.95 monthly, this is a great option for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Live Trade
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed to this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you do want to have an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets you to take advantage of the majority of features available in the Novice plan. This plan allows that you can set up a private profile to share with fellow associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics that could be a problem for some who may be looking forward to this tier. Timothy Sykes Live Trade
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of those is its online store, which lets users select from a variety of videos created to provide guidance on the ins and outs of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You may be familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a place where gurus and their member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and in dealing with the members. Some may be a laid-back person who is less active, while another may be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items on its store online to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as proficient in managing trading however, experienced traders know how it works and the stack full of risks that come with it. Ideally, they may use Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading 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 skills to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Live Trade
Profit.ly’s Pros and Cons
- 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’ll be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its users
- If traders decide to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s a ‘yes’. However, you must realize that the platform should not be used 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 curiosity. Timothy Sykes Live Trade
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s variety of resources to be helpful when they try their best to avoid loss and perform better than they did before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being better at trading and wish to be taught by your mentors and peers along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Live Trade
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the ‘My Trade category on the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.