The stock market can be an exciting game with high stakes. On certain days, you might enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were at your best. If you are constantly stuck in the gutter You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve discovered an online platform that will help you in your growth within the field. We’ll be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes School
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people who are starting out and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for all users to learn from both losses and wins to the benefit of the trading industry. Timothy Sykes School
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared toward success. It is possible to create an account at no cost, however you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offers, which we will go over shortly.
Making an account easy: create an account with your experience and knowledge, then connect your brokerage account, and you have yourself a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group and its experts. You’re not just allowed to prove your worth to a group of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could opt to post your trades, either verified or not, via photographs. Included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts via chatrooms as well as text and e-mail alerts and 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 the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks is an opportunity for small companies to move to a market that is larger as it allows them to access money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their combined years of knowledge. Timothy Sykes School
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to predict the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices; texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes School
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get 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.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers, each designed for traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed up for this package you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. This plan allows that you are able to create an account that is private to share with other associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their trading skills. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics this might be a drawback for those who are anticipating this level. Timothy Sykes School
Pro Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes a 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to choose from a wide array of videos designed to inform and guide you through the ins and outs of trading. The products listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and scenes taken from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You are probably familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a hands-on area where experts and members can interact and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members there. Some may be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for all.
Beginners, for instance, can take advantage of 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 select from the products in its online store that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had years of exposure 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 well-equipped with handling trading matters, the pros already understand the way it functions and the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes School
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 an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by 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 as its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have curiosity. Timothy Sykes School
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s array of resources helpful when they try their best to avoid losses and be more successful than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes School
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the “My Trade’ category of the dashboard. It lets you record your trades, verifiable or otherwise. 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.
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.