Stock trading can be a high-stakes game. On certain days, you may have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were at your peak. If you find yourself always in the mud, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve found an online platform that will help you in your growth in the market. In this review, we’ll take a 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. 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 Upside Down Cross
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are starting out and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus and newsletter writers and students as well as) giving everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Timothy Sykes Upside Down Cross
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared toward achievement. You can create an account on the site for free, but you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and skills, join to 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 a look at the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate your worth to a community of traders. You can also use Profit.ly to buy from a guru with the confidence that you are confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, whether verified or not, by taking pictures. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts through the chatroom along with 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 trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. Penny stock trading is an opportunity for small companies to move into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. At 25 years old Sykes was given greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their collective years of knowledge. Timothy Sykes Upside Down Cross
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: Founder as well as 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 the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
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 monthly, this is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Upside Down Cross
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. When you sign up for this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use many of the features of The Novice package. This plan allows that you can create an individual profile that allows you for sharing with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their trading skills. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders that could be a disadvantage for those eager to try this new tier. Timothy Sykes Upside Down Cross
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, with 22% off for billing annually the Pro plan has everything. You will have full, unrestricted access to all options of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create your own private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to choose from a wide array of videos created to guide you through the ins and outs of trading. The products listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members. One might be laid back and rarely active, while another might be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it offers this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can choose from the items in its online store that they can take with them wherever they may go. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a risky game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand the way it functions and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! People in the trade industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Upside Down Cross
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its users
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Upside Down Cross
What we mean”yes” is it is a fantastic learning tool. People who are stuck may find Profit.ly’s variety of resources useful as they do their best to incur lesser loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you really desire to be better at trading and wish to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Upside Down Cross
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the ‘My Trade section of the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.
