Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to where you were your most productive. If you are immersed in the water You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve found an online platform that will help you to improve your performance in the market. This review will be taking an in-depth look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Trader Checklist Part 1
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor 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 each other. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The concept, he added, served two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter authors and students, and 2) giving anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Timothy Sykes Trader Checklist Part 1
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared toward the success of their business. You can create an account on the site for free, but you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to show that you’re worthy to the large group of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could decide to share your trades, either verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition to a market that is larger as they can access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as a trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to establish 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 played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their collective years of experience. Timothy Sykes Trader Checklist Part 1
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Trader Checklist Part 1
The Superman Alerts plan is his package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed to this plan, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your hands on what we call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private account, making your activities publicly available. 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 plan.
The Trader package lets you to take advantage of many of the features of The Novice package. In this plan, that you are able to create a private profile to share with fellow associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ stats that could be a disadvantage for those anticipating this level. Timothy Sykes Trader Checklist Part 1
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month which includes 22% off for annual billing This plan offers it all. You get full, no-holds-barred access to all the features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create your own private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, which lets users pick from a range of videos that are designed to educate and guide you through the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes taken from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. One might be laid back and less active, while another might be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be treated as a joke.
For traders who have years of exposure down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works and the risky mix associated with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Trader Checklist Part 1
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you should have curiosity. Timothy Sykes Trader Checklist Part 1
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and be more successful than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Trader Checklist Part 1
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade’ category of the dashboard. It allows you to post your trades, either verified or not. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
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 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 unauthenticated trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are on 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 assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.