Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to get back to where you were at your best. If you’re immersed in the water it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your growth in the industry. This review will be taking a look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Timothy Sykes Vs Warrior Trading
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informative responsible, transparent, and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly 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 through the use of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as a social media site akin like 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’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” This idea was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) making it possible for all users to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Vs Warrior Trading
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed at achieving achievement. It is possible to create an account there at no cost, however 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 subscribe to any of Profit.ly’s offers, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to show that you’re worthy to the group of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you can opt to post your trades, whether verified or not, via screenshots. Included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small companies to move into a larger market because they can access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trader. At the age of 25 Tim Sykes had received more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for openness, 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 educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial profits from their collective years of knowledge. Timothy Sykes Vs Warrior Trading
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A standalone 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, as well as email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “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 profits. Timothy Sykes Vs Warrior Trading
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base 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 an ever-growing library of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what we could call a ruthless process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you do want to get an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you are able to create an account that is private to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their trading skills. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics, which could be a problem for those who are anticipating this level. Timothy Sykes Vs Warrior Trading
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes 22% off when billed annually, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create an individual profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and clips taken 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 also part of Profit.ly’s range of services and features. You’re 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 assistance. However, in Profit.ly, it is seen as a real-time area where experts and members can interact and learn in real time. Each guru has their style in running their chat rooms 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. Consider chatrooms as Profit.ly’s version of the 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 trader types, from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts as well as their members. Additionally, they can choose from the items in its online store to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to those who are just starting. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the risky mix that come with it. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Those in the trading 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 in order to guide them through the ever-illustrious trading process. Timothy Sykes Vs Warrior Trading
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a concern that should not be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Vs Warrior Trading
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s range of resources useful as they do their best to incur lesser loss and perform better than they did before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being a better trader and want to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Vs Warrior Trading
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the “My Trade’ category of the dashboard that allows you to post your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are 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.