Stock trading can be a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfactory 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 find yourself always in the mud, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your growth in the market. We’ll be taking a look at Profit.ly is a well-known 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. 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 Short Selling
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative responsible, transparent, and to build relationships with each other through its broad array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of the platform. Consider it the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much 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 an appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” The concept Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students, and 2) allowing anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Timothy Sykes Short Selling
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed at achieving the success of their business. You may set up an account for free, but you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its experts. It’s not only a chance to demonstrate value to a group of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you can decide to share your trades, verified or not, via screenshots. Included in Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile and other methods to communicate with your gurus via chatrooms as well as 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 delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their collective years of expertise. Timothy Sykes Short Selling
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 prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict 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 app available on iOS as well as Android devices; text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 per month, it is a great option for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Short Selling
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that, you’ll also get access to premium research reports 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 tools to get you up and running. The platform has three membership levels, each designed for traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this plan you’ll be given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we call a competitive procedure in its own.
The list of features you can do using Profit.ly’s Novice package include 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 giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private 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 strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from The Novice package. In this plan, that you are able to create an account that is private to share with fellow associate users all the insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their trading skills. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders that might be a drawback for some who may be eager to try this new tier. Timothy Sykes Short Selling
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating an individual profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of 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 provided training tools and the Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, where customers can pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You’re probably familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be more laid back and less active, while another might be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items from its online store that they can take with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as adept at managing trading however, experienced traders know how it works along with the risky mix associated with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Timothy Sykes Short Selling
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate 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 credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its users
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, you need to have an open mind. Timothy Sykes Short Selling
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s range of resources helpful when they try their best to avoid losses and be more successful than before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being more successful in trading and would like to be taught by your mentors and peers along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Short Selling
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade category on the dashboard that lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using 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 to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.