Stock trading is an extremely risky game. On some days, you may have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it could be very difficult to get back to the point you were at your peak. If you find yourself always in the mud You will need to recognize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. In this review, we’ll take the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Training Course
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are starting out as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as an online social media platform similar to 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 style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that was never prior to.” The idea, he added, served two purposes: 1) making public records for not just the gurus, but also the newsletter writers and students, and 2) allowing everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Training Course
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. You can create an account for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offers, which we will go over shortly.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its experts. It’s not just a way to prove that you’re worthy to the large group of traders, as you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, then you could choose to publish your trades, verified or not, by taking pictures. In Profit.ly are the vast number of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts in the chatroom, in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a large marketplace as they can access money from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as a trader. When he was 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to create trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned significant amounts of profit through their years of experience. Timothy Sykes Training Course
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released each 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 both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Training Course
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs 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 started. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. As you sign up for this plan you’ll be offered a range of strong 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.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you do want to get an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of many of the features of The Novice package. It is in this plan that you are able to create an account that is private to share with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their skills in trading. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders, which could be a problem for those who are anticipating this level. Timothy Sykes Training Course
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. With $74.95 each month which includes a 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create your own private profile. These two features are 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 all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of other services they provide. One of these is its online store, which allows users to pick from a range of video products 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. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a area where experts and members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. Some may be more laid back and rarely engaged, while another could be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to 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 every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room advice from the in-house experts and their members. They’ll also be able choose from the items from its online store that they can take with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as well-equipped with managing trading however, experienced traders know the way it functions and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Timothy Sykes Training Course
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t 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: Is Profit.ly worth it?
If we were able to 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 quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, it is best to keep an open mind. Timothy Sykes Training Course
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck may discover Profit.ly’s range of resources helpful when they try their best to avoid losses and perform better than before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you really desire to be 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 choice to start.
FAQ Timothy Sykes Training Course
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the ‘My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities left and right.