Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to get back to the point you were at your peak. If you find yourself always in the mud, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your growth within the field. We’ll be taking a 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.
Total Rating: 4.1/5 Timothy Sykes Market Guides
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed responsible, transparent, and encouraging each other by offering a wide range of features and tools 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 which serves as a learning and training platform for those new to trading and also as a platform for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been prior to.” The concept, he added, served two goals: 1.) creating public track records for not just the gurus and newsletter authors and students, and 2) making it possible for anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Timothy Sykes Market Guides
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed at achieving success. It is possible to create an account at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate your worth to a group of traders. You can also use Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you are unsure about the idea of sharing the details of your broker account you can choose to publish your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet Tim Sykes, 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 the term “penny stock” is a small business’s shares that trade for under $5 for each share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. At 25 years old, he had been given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have earned significant amounts of profit through their years of experience. Timothy Sykes Market Guides
At its peak, Profit.ly had housed up to five gurus. Each of them an expert 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 others. At the time of writing only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, it is a great option for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, such as 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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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Market Guides
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition you’ll also have the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this package, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort and filter your trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. In this plan, that you can create a private profile to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able view the statistics of other traders this could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Market Guides
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create your own private profile. Both of these features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, which allows users to select from a variety of video products that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. One might be laid back and less active, while another may be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of a forum, in the 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 trader types, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room advice from the in-house experts and their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at managing trading, the pros already understand how it works along with the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Market Guides
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform 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 preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, you should have an open mind. Timothy Sykes Market Guides
What we do mean”yes” is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources useful as they do their best to reduce loss and perform better than before. It’s not just the struggling traders who will benefit from this 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 be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Market Guides
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the “My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently connected to 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 to help one another grow and learn more about acquiring opportunities in the stock market all over the world.