The stock market can be an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to get back to where you were at your peak. If you are immersed in the water, you will have to realize that relying on instinct and survival is not always enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve identified an option that can help you to improve your performance 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Major In College
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad range of features and tools including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders new to trading and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” This idea was, he said, serving two objectives: one) creating public track records for not just the gurus as well as students and newsletter writers and secondly) allowing everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Major In College
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed at achieving success. You may set up an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus 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.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community and its experts. It’s not just a way to prove your worth to a group of traders. You can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may opt to post your trades, whether verified or not, by taking screenshots. Also included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile, and more ways to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition 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 will be able to tell you through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to create 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 played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned significant amounts of profit from their collective years of experience. Timothy Sykes Major In College
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, 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. When we take that into account, let’s take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, texts, emails and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Major In College
The Superman Alerts plan is an offering of 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 premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base of information provided by Superman himself, via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition, 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 eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in get an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use a majority of features from the novice plan. In this plan, that you can set up a private profile for sharing with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their skills in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to see the statistics of other traders this could be a disadvantage for some who may be anticipating this level. Timothy Sykes Major In College
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, with an additional 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which allows users to select from a variety of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other related to trading, videos and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly, it is seen as a area where experts and members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One of them may be more laid back and less active, while another might be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning 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 choose from the items on its store online that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that the process is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as proficient in managing trading however, experienced traders know the way it functions and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Major In College
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for most of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be a ‘yes’. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have an open mind. Timothy Sykes Major In College
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s array of resources helpful in their efforts to reduce loss and perform better than before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being more successful in trading and would like to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Major In College
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the My Trade category on the dashboard that allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.
