Stock trading can be an extremely risky game. Some days, you could have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to the point you were at your best. If you are immersed in the water You will need to realize that relying on instinct and survival might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. In this review, we’ll be taking an in-depth 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.
Overall Rating: 4.1/5 Timothy Sykes Recent Trades
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar 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 for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” The concept, he added, served two goals: 1.) creating public track records for not just the gurus and newsletter authors and students as well as) making it possible for anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Timothy Sykes Recent Trades
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward achievement. It is possible to create an account there at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at the performance of the trading community and its gurus. It’s not only a chance to show that you’re worthy to the 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 legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account then you could choose to publish your trades, verified or not, by taking pictures. Also included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, in addition to 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 has been famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market is an opportunity for small companies to move to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for 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 amazing features is the variety of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned significant amounts of profit from their combined years of expertise. Timothy Sykes Recent Trades
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, 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 look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, as well as 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 premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Recent Trades
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also have 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 online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed to this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you do want to gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to use many of the features of the Novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their expertise in trading. Although it’s a nice thing, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ stats this could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Recent Trades
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month with 22% off for billing annually, this tier has it all. It gives you full, unlimited access to all the features of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create your own private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of them is the online store, which lets users choose from a wide array of videos created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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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 can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a space where experts and their members trade and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members there. Some may be a laid-back person who is not very often engaged, while another could be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos 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 that they can take with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that trading is a high-stakes game that should not be viewed as a joke.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as proficient in managing trading but the experts already know how it works along with the stack full of risks that it carries. It is ideal to utilize Profit.ly’s array of features to their best advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Recent Trades
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you need to have an open mind. Timothy Sykes Recent Trades
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s variety of resources to be helpful when they try their best to reduce losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Recent Trades
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities both right and left.