The stock market can be a high-stakes game. Some days, you could enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were at your peak. If you find yourself always in the mud You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve identified a platform that can support you in your growth within the field. This review will 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Learn Level Two Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide array of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are starting out as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” The concept Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students, and 2) giving everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Learn Level Two Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared toward achievement. You may set up an account there for free, but you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate that you’re worthy to the group of traders, as you are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account you may decide to share your trades, whether verified or not, by taking pictures. Also included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile and other methods to interact with your experts in the chatroom, as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into the penny-stock market. 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 penny stock market could be viewed as an opportunity for small businesses to transition into a larger market because it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits from their collective years of experience. Learn Level Two Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts included 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 this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages 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 be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Learn Level Two Timothy Sykes
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
In “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 Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition, you’ll also get an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what they will 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 world. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your hands on what we call a competitive process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the Novice plan. In this plan, that you can set up a private profile to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their skills in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats, which might be a drawback for those eager to try this new tier. Learn Level Two Timothy Sykes
Pro Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, with 22% off when billed annually This plan offers everything. It gives you full, unlimited access to all the features from the two prior plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create an individual profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to select from a variety of videos that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased 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 on penny stocking, short stocking, as well as all related to trading, videos and clips from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a area where experts and members can interact and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members. One of them may be a laid-back person who is less engaged, while another could be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room advice from the in-house experts and their members. They’ll also be able choose from the items from its online store that they can take with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the risky mix that come with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their trading skills. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Learn Level Two Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Learn Level Two Timothy Sykes
What we mean”yes” is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s range of resources to be helpful when they try their best to avoid loss and perform better than before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be better at trading and wish to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Learn Level Two Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the “My Trade section of the dashboard. It 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 trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.
