Stock trading can be a high-stakes game. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could be very difficult to return to the point you were at your peak. If you are immersed in the water, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the market. We’ll be taking an in-depth 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 No Days Off
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed and accountable, as well as transparent and uplifting with each other through its broad range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast array of options for trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” The idea Sykes said served two goals: 1.) making public records for everyone, not just the experts and newsletter writers and students, and 2) making it possible for anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes No Days Off
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared toward achievement. It is possible to create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing 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 that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to show value to a community of traders, as you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the credibility of their assertions.
If you are unsure about the concept of leaking the details of your broker account you can choose to publish your trades, whether verified or not, via pictures. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small companies to move into a larger market because it allows them to access capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial profits through their years of expertise. Timothy Sykes No Days Off
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the platform: 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 look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, it is a great option for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
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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 both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes No Days Off
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be 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, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this plan you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of many of the features of the novice plan. In this plan, that you are able to create an account that is private to share with other associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their trading skills. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ stats this might be a drawback for some who may be eager to try this new tier. Timothy Sykes No Days Off
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with a 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which lets users choose from a wide array of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their 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 might be more laid back and rarely active, while another may be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for everyone.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able choose from the items from its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the plethora of risks that come with it. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes No Days Off
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, 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. It wasn’t designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes No Days Off
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s variety of resources helpful when they try their best to reduce losses and be more successful than 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 a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes No Days Off
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the My Trade’ category of the dashboard which lets you post your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, 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 functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.