The stock market can be an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfactory numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were at your peak. If you find yourself always in the mud You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve found an online platform that will help you in your growth in the industry. This review will be taking 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.
Overall Rating: 4.1/5 Warrior Trading Vs Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders new to trading as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees 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 expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two objectives: one) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) allowing anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Warrior Trading Vs Timothy Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving success. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at their performance as a trading group and its gurus. It’s not just a way to show value to a community of traders. You are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you may opt to post your trades, whether verified or not, by taking pictures. In Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile, and more ways to interact with your experts through the chatroom as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as a trader. At the age of 25, he had been given greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create 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 of transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have earned substantial amounts of money through their years of knowledge. Warrior Trading Vs Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as 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 highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Warrior Trading Vs Timothy Sykes
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. In addition you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs 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 resources to get you up and running. The platform has three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign up for this package you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you do want to gain the benefit of this service, be watching for us to introduce 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 create a private profile to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ stats this could be a problem for those looking forward to this tier. Warrior Trading Vs Timothy Sykes
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, with 22% off for billing annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create your own private profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few additional services that it can offer. One of them is the online store, which lets users pick from a range of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s 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 dealing with the members there. One of them may be more laid back and rarely active, while another may be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can select from the products on its store online to carry with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, however, they will soon learn that trading is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to develop their trading skills. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Warrior Trading Vs Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Warrior Trading Vs Timothy Sykes
What we mean”yes” is it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources to be helpful in their efforts to avoid losses and be more successful than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Warrior Trading Vs Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the “My Trade category on the dashboard which lets you record your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the small blue check. If you submit it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities left and right.
