Stock trading can be an extremely risky game. On some days, you might have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to return to the point you were at your most productive. If you’re always in the mud You will need be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your improvement within the field. We’ll take the time to look at Profit.ly, a well-recognized 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 Where Does Tim Sykes Live
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide range of features and tools like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for people new to trading 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 for communication and trade 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 of the platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes declared 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 goals: 1.) creating public track records for all traders, not just the gurus and newsletter authors and students, and 2) allowing everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Where Does Tim Sykes Live
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed at achieving the success of their business. You may set up an account on the site for free, but you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t 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 offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into the performance of the trading community and its experts. You’re not just allowed to show that you’re worthy to the community of traders, but you can also use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you may decide to share your trades, either verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms as well as email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition into a larger market because they can access 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.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Where Does Tim Sykes Live
At its peak, 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 experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on the platform: the 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 look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, texts, emails, 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 package. At $149.95 per month, this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released each week.
The following video is 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. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Where Does Tim Sykes Live
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that are designed to accommodate traders with 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 entry-level plan designed especially for those who are new to the world of trading. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, and filter your trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you are able to create an account that is private to share with other associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their expertise in trading. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics this might be a drawback for those who are eager to try this new tier. Where Does Tim Sykes Live
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, with an additional 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of other services they provide. One of those is its online store, which allows users to select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you will see it on 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. Each guru has their style in operating their chat room and in dealing with the members. One might be a laid-back person who is not very often engaged, while another could be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to select from the products on its store online that they can take with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with managing trading but the experts already know the way it functions and the risky mix that come with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature 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 at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Where Does Tim Sykes Live
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the number of services the platform has to provide
The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you should have the ability to think with an open heart. Where Does Tim Sykes Live
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s array of resources helpful in their efforts to incur lesser loss and perform better than they did before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Where Does Tim Sykes Live
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the “My Trade section of the dashboard which allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is a high chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app 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 trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.