Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to return to where you were at your most productive. If you are always in the mud, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you to improve your performance within the field. In this review, we’ll take the time to look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes Market Cap
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 uplifting with one another through its wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The concept was, he said, serving two objectives: one) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) giving all users to gain insight into both losses and wins for the trading industry’s benefit. Timothy Sykes Market Cap
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. You may set up an account there at no cost, however you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re looking 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, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not just a way to show your worth to a group of traders. You are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could choose to publish your trades, either verified or not, via pictures. Included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom along with 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 guru who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition to a large marketplace as they can access money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish 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 sweet inclusions is the variety of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their collective years of knowledge. Timothy Sykes Market Cap
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: 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, let’s take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on 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, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Market Cap
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready 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 started. The platform has three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re looking to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. This plan allows that you can set up an account that is private for sharing with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ stats this could be a disadvantage for those looking forward to this tier. Timothy Sykes Market Cap
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all the options of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, where customers can pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the website can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You may be familiar with the chat room since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. One might be laid back and less active, while another may be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able select from the products in its online store that they can take with them wherever they may go. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be treated as a joke.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to them as the newcomers. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Market Cap
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to receive excellent training and tips from the in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you should have an open mind. Timothy Sykes Market Cap
What we mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than they did before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Market Cap
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the My Trade category on the dashboard that lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase 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 upload the information manually or via images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market all over the world.
