Stock trading can be a high-stakes game. On certain days, you might have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were your peak. If you’re always in the mud, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve identified an online platform that will help you in your growth in the industry. We’ll take a look at Profit.ly is a well-known one-stop 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. 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 Off The Grid
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 allows traders of all levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people new to trading and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade that help traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was based “on showing every trade, something that was never done before.” The idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers as well as) giving everyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Off The Grid
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared at achieving achievement. You may set up an account on the site for free, but you’re limited to 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 what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll 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 an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into the performance of the trading community and its experts. It’s not just a way to show your worth to a community of traders, but you are also able to use Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you are unsure about the concept of leaking the details of your broker account you may opt to post your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom in addition to 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 trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as trading professional. At the age of 25, he had been given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial amounts of money from their collective years of expertise. Timothy Sykes Off The Grid
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most famous 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 the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the 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 that’s available on iOS and Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is a great option for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has 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 all-time trading earnings. Timothy Sykes Off The Grid
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign up for this package, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging 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, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you do want to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. This plan allows that you can create an account that is private to share with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you won’t be able view other traders’ stats this could be a disadvantage for some who may be anticipating this level. Timothy Sykes Off The Grid
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, and a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, where customers can select from a variety of videos created to guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a real-time area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One might be more laid back and not very often engaged, while another could be more active and in touch in their interactions with students. Think of chatrooms as Profit.ly’s version of a 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. With the variety of deals it offers, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able to select from the products in its online store for them to take wherever they travel. You can also get hands-on experience trading on the platform, but eventually they’ll realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works along with the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Off The Grid
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the 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 precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to boost their rating This could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of an answer to this question, it would be yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you need to have an open mind. Timothy Sykes Off The Grid
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and perform better than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being a better trader and want to be taught by your mentors and peers along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes Off The Grid
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the “My Trade’ category of the dashboard that allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does 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 on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.
