Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to get back to the point you were at your most productive. If you are always in the mud You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your improvement within the field. In this review, we’ll be taking a 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 Trades 2021
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are just beginning their journey and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts as well as students and newsletter writers and secondly) allowing everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Trades 2021
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared toward success. It is possible to create an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of their performance as a trading group and its experts. It’s not just a way to demonstrate value to a large group of traders, as you can also use Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, either verified or not, via pictures. Included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile and other methods to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for under $5 for each share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition to a large marketplace as they can access money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trader. At the age of 25 Tim Sykes had received more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make significant amounts of profit through their years of expertise. Timothy Sykes Trades 2021
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices, text, e-mail, 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 version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Trades 2021
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, the 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 and access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging other traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to gain an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. It is in this plan that you can set up a private profile for sharing with fellow associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you won’t be able to see the statistics of other traders that could be a disadvantage for some who may be looking forward to this tier. Timothy Sykes Trades 2021
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 each month with an additional 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to view other people’s stats, but you’re also given the chance to create your own private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few other services they offer. One of them is the online store, which lets users select from a variety of videos created to guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a real-time space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be a laid-back person who is rarely active, while another might be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at handling trading matters but the experts already know how it works and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to develop their skills in trading. Like novices, they can learn from the top experts and experts , and use those short tips and tricks throughout the process.
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 similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes Trades 2021
Profit.ly’s Pros and Cons
- Profit.ly’s numerous 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’ll be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you need to have curiosity. Timothy Sykes Trades 2021
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful when they try their best to incur lesser loss and perform better than before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Trades 2021
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the ‘My Trade section of the dashboard. It lets you record your trades, either verified 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 trades
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.