Stock trading is a high-stakes game. On some days, you might have the benefit of positive and satisfactory 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 peak. If you find yourself always in the mud You will need to recognize that relying 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 colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you in your improvement in the market. In this review, we’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Is Timothy Sykes Helpful
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed responsible, transparent, and to build relationships with each other by offering a wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those new to trading and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The concept was, he said, serving two objectives: one) creating public track records for not just the gurus and newsletter writers and students, and 2) allowing all users to gain insight into the losses and wins for the trading industry’s benefit. Is Timothy Sykes Helpful
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
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 leaders’ board feature as previously mentioned was designed to offer its users an insight into how the community of traders performs and its experts. It’s not only a chance to show that you’re worthy to the group of traders. You can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you may opt to post your trades, whether verified or not, via screenshots. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an avenue for small companies to move into a larger market because they can access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their combined years of expertise. Is Timothy Sykes Helpful
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: Founder as well as 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A purchase on its own from 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.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is a great option for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Is Timothy Sykes Helpful
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. In addition you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their skills in trading. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats this could be a disadvantage for those who are eager to try this new tier. Is Timothy Sykes Helpful
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, which includes a 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create an individual 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 account that will give you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can select from a variety of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes 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 array of features and services. You may be familiar with the concept of the chat room as you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. Some may be laid back and not very often active, while another might be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items in its online store that they can take with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to the newcomers. While novice traders may not be as adept at handling trading matters but the experts already know how it works along with the risky mix that it carries. It is ideal to use Profit.ly’s range of features to their best advantage to enhance their trading skills. Like novices, they can learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. 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 abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Is Timothy Sykes Helpful
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you should have the ability to think with an open heart. Is Timothy Sykes Helpful
What we are referring to”yes” is it is a fantastic learning tool. People who are stuck might discover Profit.ly’s array of resources to be helpful as they do their best to reduce losses and perform better than before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your mentors and peers on the way, look no further – Profit.ly could be a good choice to start.
FAQ Is Timothy Sykes Helpful
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the ‘My Trade category on the dashboard that lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing in 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?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to 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 assist each other to learn and improve in acquiring opportunities in the stock market left and right.
