The stock market can be an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your most productive. If you are immersed in the water it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement in the market. We’ll take the time to 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 Plans
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable responsible, transparent, and encouraging each other through its broad variety of tools and features including trade verification, chat rooms and a rich 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 who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for trade and communication and letting traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t accept fake news as long as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” This idea Sykes said served two purposes: 1) making public records for everyone, not just the experts as well as students and newsletter writers as well as) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Plans
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. You may set up an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create an account with your experience and skills, join to your brokerage account and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community and its gurus. You’re not just allowed to show your worth to a community of traders, as you can also utilize Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you may opt to post your trades, verified or otherwise, through pictures. Included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market is a stepping stone for small businesses to transition into a larger market because they can access capital from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have made significant amounts of profit through their years of knowledge. Timothy Sykes Plans
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as 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, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month this is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts as well as unlimited 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 is known under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Plans
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are 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 them integral in keeping your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to develop their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which might be a drawback for those looking forward to this tier. Timothy Sykes Plans
Pro Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, with 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all options of the previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create a private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of video products that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and clips of 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 variety of features and services. You are probably familiar with the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One of them may be a laid-back person who is less active, while another might be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to select from the products on its store online that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as adept at dealing with trading issues however, experienced traders know how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their trading abilities. Like beginners, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes Plans
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You will receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you should have the ability to think with an open heart. Timothy Sykes Plans
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s array of resources useful when they try their best to incur lesser losses and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Plans
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the ‘My Trade’ category of the dashboard which lets you record your trades that are verified or otherwise. There are three options:
- 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 transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you post it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people 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 for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.
