Stock trading is a high-stakes game. Some days, you could have the benefit of positive and satisfactory numbers. On other days it could be the reverse and it could be extremely difficult to return to where you were your most productive. If you are constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve identified an online platform that will help you to improve your performance in the market. In this review, we’ll be taking a look at Profit.ly, a well-recognized one-stop 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 Must Watch Profitly Lesson Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter writers and students, and 2) allowing all users to gain insight into both the wins and losses for the trading industry’s benefit. Must Watch Profitly Lesson Timothy Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared towards achieving success. It is possible to create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders, as you are also able to use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you may decide to share your trades, either verified or not, via screenshots. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus through 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 trader who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the 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 activity, as Sykes will be able to tell you because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform for transparency and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money through their years of experience. Must Watch Profitly Lesson Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, all 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 among others. At the time of writing, only two gurus remain on this platform: the 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 take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to predict the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices; email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 monthly, this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, including alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Must Watch Profitly Lesson Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also gain access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Some of the features 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 chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private account, making your actions public. If you’re looking to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in the Novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able to view other traders’ statistics, which could be a disadvantage for some who may be anticipating this level. Must Watch Profitly Lesson Timothy Sykes
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, which includes an additional 22% discount when billed annually, this tier has it all. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to view other people’s stats, but you’re also given the chance to create an individual profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few additional services that it can offer. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You may be familiar with the chat room since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time space where experts and their members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One of them may be more laid back and rarely active, while another might be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able pick from the merchandise available on its store online that they can take with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that should not be viewed as a joke.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as adept at handling trading matters however, experienced traders know how it works and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Must Watch Profitly Lesson Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- 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 customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the many features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s an affirmative “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 in this way. Instead, it is best to keep curiosity. Must Watch Profitly Lesson Timothy Sykes
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s array of resources useful when they try their best to avoid losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you really care about being more successful in trading and would like to be taught by your mentors and peers along the way, then look no further – Profit.ly may be a great option to begin.
FAQ Must Watch Profitly Lesson Timothy Sykes
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the ‘My Trade category on the dashboard which lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s the chance that it is verifiable. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.
