Stock trading is an exciting game with high stakes. Some days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it could be very difficult to get back to where you were at your peak. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your improvement in the industry. We’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Option Trading
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informative responsible, transparent, and encouraging one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people who are starting out and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never done before.” The idea, he added, served two objectives: one) creating public track records for everyone, not just the experts and newsletter writers and students and secondly) making it possible for everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Timothy Sykes Option Trading
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared at achieving success. You can create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals, which we will discuss in the near future.
Making an account easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at the performance of the trading community and its gurus. It’s not only a chance to prove that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, verified or not, via pictures. Also included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus through the chatroom 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 trader who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small companies to move to a market that is larger as they can access money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a platform 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 variety of education sources, 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 proven to make substantial profits from their collective years of knowledge. Timothy Sykes Option Trading
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the platform: the founder and penny stock trader 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, which includes alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Option Trading
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and 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 package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers 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 those who are new to the world of trading. When you sign to this plan you’ll be given a slew of robust and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their trading skills. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to see other traders’ statistics that could be a disadvantage for some who may be looking forward to this tier. Timothy Sykes Option Trading
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes an additional 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of other services they offer. One of these is its online store, where customers can pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You are probably familiar with chat rooms since you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a 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 members there. One of them may be more laid back and not very often active, while another might be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may go. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works along with the risky mix that it carries. It is ideal to make use of Profit.ly’s variety of features to their best advantage to improve their trading abilities. As beginners, they are able to study from the gurus 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 or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are at similar levels to Superman as well as 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 Option Trading
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons 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 and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, you should have an open mind. Timothy Sykes Option Trading
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources to be helpful as they do their best to avoid loss and perform better than before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really want to become a better trader and want to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Option Trading
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the ‘My Trade category on the dashboard. It lets you post your trades, either verified or not. There are three choices:
- Linking your account to the broker of choice and import transactions directly through 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 is authentic or not?
If you import your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
