Stock trading is an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be extremely difficult to return to where you were at your best. If you are always in the mud, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. We’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 What Broker Timothy Sykes
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people who are just beginning their journey as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus as well as students and newsletter writers and secondly) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. What Broker Timothy Sykes
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared toward achievement. You can create an account there for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not just a way to show that you’re worthy to the large group of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, then you could choose to publish your trades, whether verified or not, by taking photographs. In Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom along with 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 personality who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. The penny stock market can be seen as an avenue for small companies to move to a large marketplace as it gives them access to capital from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trader. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have made significant amounts of profit through their years of knowledge. What Broker Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. What Broker Timothy Sykes
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice 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 offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use many of the features of the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ stats this could be a problem for some who may be eager to try this new tier. What Broker Timothy Sykes
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, which includes an additional 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create an individual profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which lets users pick from a range of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips of 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 may be familiar with chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. Some may be a laid-back person who is rarely active, while another may be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in the 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 traders, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able select from the products on its store online that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as adept at dealing with trading issues, the pros already understand how it works along with the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s array of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. What Broker Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. What Broker Timothy Sykes
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck could discover Profit.ly’s variety of resources useful as they do their best to incur lesser losses and perform better than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become more successful in trading and would like to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ What Broker Timothy Sykes
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade section of the dashboard that lets you post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.