Stock trading can be an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to get back to the point you were at your most productive. If you’re immersed in the water it is important to realize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve found an option that can help you in your growth in the industry. This review will take an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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.
Overall Rating: 4.1/5 What Does Dave Ramsey Say About Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students, and 2) allowing all users to learn from both the wins and losses to benefit the industry of trading. What Does Dave Ramsey Say About Timothy Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared at achieving achievement. You can create an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to demonstrate your worth to a community 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 are unsure about the idea of sharing your brokerage account, then you could decide to share your trades, either verified or not, via photographs. Also included in Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, 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 trader who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial amounts of money through their years of experience. What Does Dave Ramsey Say About Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: Founder of the penny stock market 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 can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices, text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. What Does Dave Ramsey Say About Timothy Sykes
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these 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 world of trading. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You can’t create a private account, making your personal information public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows users to benefit from the majority of features available in The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with other associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their expertise in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics, which could be a problem for those anticipating this level. What Does Dave Ramsey Say About Timothy Sykes
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. At $74.95 per month, which includes 22% off for billing annually This plan offers everything. You get full, no-holds-barred access to all features from the two previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to pick from a range of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a real-time place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. One might be more laid back and less active, while another might be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can select from the products from its online store that they can take with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works and the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. What Does Dave Ramsey Say About Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s 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 fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them could profit from selecting the best trades in order to increase the rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, you should have curiosity. What Does Dave Ramsey Say About Timothy Sykes
What we do mean”yes” is it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s range of resources useful in their efforts to avoid loss and perform better than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be more successful in trading and would like to be taught by your mentors and peers on the way, look no further – Profit.ly could be a good option to begin.
FAQ What Does Dave Ramsey Say About Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the “My Trade section of the dashboard which allows you to post your trades, either verified or not. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is an excellent probability that it’s 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 downside of having an unverified trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.
