Stock trading is a high-stakes game. Some days, you could have the benefit of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your best. If you’re immersed in the water You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your growth within the field. This review will 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. 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 Website Log In
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed, transparent, accountable, and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” The concept Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter authors and students and secondly) allowing anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Timothy Sykes Website Log In
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared towards achieving the success of their business. It is possible to create an account at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not just a way to show your worth to a community of traders. You can also utilize Profit.ly to shop with a professional with the confidence that you are confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, verified or not, via screenshots. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms along with 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 guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as a trader. At 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency, 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 most appealing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial amounts of money from their collective years of expertise. Timothy Sykes Website Log In
At its peak, Profit.ly had housed up to five gurus. Each of them a pro 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. As of this 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 the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to a 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 goes by the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Website Log In
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you do want to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. It is in this plan that you can set up a private profile for sharing with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their trading skills. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics this could be a problem for those who are eager to try this new tier. Timothy Sykes Website Log In
This is by far the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 each month and a 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few other services they provide. One of them is the online store, which lets users pick from a range of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One might be laid back and less engaged, while another could be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. Additionally, they can choose from the items from its online store to carry with them wherever they be. They can also gain hands-on experiences by trading through the platform, however they’ll realize that this is a risky 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 as equally as suitable for them as it is for those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works along with the plethora of risks that come with it. It is ideal to make use of Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Website Log In
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for most of its customers
- 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 increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have an open mind. Timothy Sykes Website Log In
What we do mean”yes” is that it can be a great learning tool. People who are stuck may find Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be better at trading and wish to be taught by your mentors and peers along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Website Log In
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the My Trade section of the dashboard which lets you record your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to 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 to help one another learn and improve in acquiring opportunities on the stock market both right and left.