The stock market can be an extremely risky game. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could be very difficult to get back to where you were your peak. If you are immersed in the water it is important to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance within the field. We’ll take the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Trading Education
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative, transparent, accountable, and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are starting out and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Consider it a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was based “on showing all trades, something that has never been done before.” The concept, he added, served two objectives: one) making public records for not just the gurus and students and newsletter writers and secondly) allowing anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Timothy Sykes Trading Education
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 at achieving achievement. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to prove your worth to a large group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, you may decide to share your trades, either verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading classes, the ability to view 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 well-known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The penny stock market is an avenue for small companies to move to a market that is larger as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, 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 proven to make substantial amounts of money from their collective years of experience. Timothy Sykes Trading Education
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: the founder and 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 the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when making trades.
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; text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is a great option for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Trading Education
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that cater to traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re interested in have an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. In this plan, that you can set up an account that is private to share with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their trading skills. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats this might be a drawback for those eager to try this new tier. Timothy Sykes Trading Education
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, which includes a 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and 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 instructional videos that are created to help you understand the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers 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 things trading-related, clips and footage of events like 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 range of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. Some may be a laid-back person who is rarely engaged, while another could be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able choose from the items on its store online to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, however they’ll realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as adept at managing trading but the experts already know how it works and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes Trading Education
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- Since traders can choose to make any type of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly worth it?
If we could think of 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. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep curiosity. Timothy Sykes Trading Education
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s range of resources useful as they do their best to reduce losses and be more successful than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being more successful in trading and would like to learn from your fellows and gurus on the way, look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes Trading Education
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the ‘My Trade section of the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell 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 indicated with the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market both right and left.
