Stock trading is an exciting game with high stakes. On some days, you could have the benefit of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were your best. If you find yourself immersed in the water You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve found an online platform that will help you to improve your performance in the industry. This review will be taking the time to look at Profit.ly A well-respected all-in-one 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 Without His Hat
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative, transparent, accountable, and uplifting with each other by offering a wide range of features and tools such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are starting out and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Consider it a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus and newsletter authors and students and secondly) making it possible for everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Timothy Sykes Without His Hat
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed towards achieving the success of their business. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into how the community of traders performs as well as its experts. It’s not just a way to prove value to a community of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you are unsure about the idea of sharing your brokerage account, you can choose to publish your trades, either verified or not, by taking pictures. Included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet Tim Sykes, 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 the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading is an avenue for small companies to move into a larger market because it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial amounts of money from their collective years of experience. Timothy Sykes Without His Hat
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans including alerts for swing trading and access to a library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Without His Hat
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this plan you’ll be provided with a variety of powerful and vital trading tools, all 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 do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following, and even messaging other 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, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re interested in have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. In this plan, that you can set up an individual profile that allows you to share with other associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their trading skills. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats that might be a drawback for those anticipating this level. Timothy Sykes Without His Hat
Pro Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month and 22% off for billing annually, this tier has everything. You get full, no-holds-barred access to all features from the two previous plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few more services it has to offer. One of these is its online store, which allows users to select from a variety of videos designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and rarely active, while another might be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be treated as a joke.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to enhance their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Without His Hat
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- 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 additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could be too much for the majority of its users
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, you should have the ability to think with an open heart. Timothy Sykes Without His Hat
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become better at trading and wish to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Without His Hat
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the My Trade section of the dashboard that lets you record your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.
