The stock market can be an exciting game with high stakes. On some days, you could have the benefit of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were at your peak. If you find yourself immersed in the water You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve identified a platform that can support you to improve your performance in the market. We’ll take 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 Net
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed, transparent, accountable, and encouraging one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The concept was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers and secondly) allowing everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Net
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared towards achieving success. You may set up an account for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into the performance of the trading community and its experts. It’s not only a chance to prove value to a community of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, whether verified or not, by taking screenshots. Also included in Profit.ly are the vast number 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 in the chatroom, along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per 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 it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of knowledge. Timothy Sykes Net
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: 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 for a month it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Net
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real-time, as well as SMS and e-mail 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 of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition, you’ll also get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they will cost you.
The Novice package 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’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You can’t create a private profile, which makes your actions public. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can set up a private profile to share with other associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics this could be a disadvantage for those anticipating this level. Timothy Sykes Net
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 each month with an additional 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create your own private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few more services it has to offer. One of these is its online store, where customers can select from a variety of instructional videos that are 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 website can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and clips from The Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members there. One might be a laid-back person who is not very often engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room tips from the in-house experts and their members. Additionally, they can choose from the items from its online store that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to them as those who are just starting. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to enhance their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Timothy Sykes Net
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s bountiful stream 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 is the possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous services that the platform can provide
The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, you need to have an open mind. Timothy Sykes Net
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources useful in their efforts to avoid loss and perform better than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really want to become more successful in trading and would like to be taught by your mentors and peers along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Net
How do you use Profit.ly to publish your trades?
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:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities all over the world.