Stock trading is an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were at your peak. If you are constantly stuck in the gutter it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement within the field. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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. 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 Trading Training
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed, transparent, accountable, and encouraging each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” The idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter writers and students, and 2) giving anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Trading Training
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed towards achieving success. It is possible to create an account there for free, but you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at their performance as a trading group and its gurus. You’re not just allowed to prove value to a large group of traders, as you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may decide to share your trades, verified or not, via photographs. Also included in Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile, and more ways to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small companies to move into a larger market because they can access funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Timothy Sykes Trading Training
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. 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 this 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and 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 version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Trading Training
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels that cater to traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan costs $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 account, making your actions public. If you’re interested in gain an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. This plan allows that you can create a private profile to share with other associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders, which could be a problem for those anticipating this level. Timothy Sykes Trading Training
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, which includes 22% off for billing annually the Pro plan has everything. It gives you full, unlimited access to all features from the two previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the chance to create a private profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which lets users pick from a range of videos created to provide guidance on the ins and outs of trading. The products listed on this page of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are 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 support. However, in Profit.ly it’s seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One of them may be more laid back and not very often engaged, while another could be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they travel. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as proficient in handling trading matters, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may use Profit.ly’s range of features to their full advantage to enhance their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of 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 excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of 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 Training
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers will immediately 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 Valued?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Timothy Sykes Trading Training
What we mean”yes” is that it could be a useful learning tool. People who are stuck could find Profit.ly’s range of resources useful when they try their best to reduce loss and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you truly desire to be better at trading and wish to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Trading Training
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the “My Trade category on the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities left and right.