Stock trading can be a high-stakes game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to get back to the point you were at your peak. If you find yourself constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve discovered a platform that can support you in your growth in the industry. This review will be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and encouraging each other through its broad array of tools and features like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” The concept, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and students and newsletter writers, and 2) making it possible for everyone on the platform to learn from the losses and wins to benefit the industry of trading. Profitly Timothy Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared toward achievement. It is possible to create an account at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to prove your worth to a community of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the credibility of their assertions.
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 is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to interact with your experts via chatrooms in addition to email and text alerts 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 trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as a stepping stone for small companies to move to a large marketplace as it allows them to access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. At the age of 25, he had been given greater exposure and a larger impact 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 those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete against 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, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their collective years of experience. Profitly Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: the 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and 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 most premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both 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 trading earnings. Profitly Timothy Sykes
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private account, making your actions public. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you are able to create a private profile to share with fellow associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. As nice as it seems but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics this could be a problem for those who are looking forward to this tier. Profitly Timothy Sykes
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, which includes a 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of other services they provide. One of those is its online store, which allows users to pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading 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 scenes taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You are probably familiar with the chat room as you will see it on social and messaging platforms as well as some specialty websites that offer live chat support. But in Profit.ly it’s seen as a hands-on area where experts and members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. One of them may be more laid back and not very often engaged, while another could be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and their members. Additionally, they can choose from the items on its store online that they can take with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that this is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable to the newcomers. Although the novices might not be as well-equipped with managing trading but the experts already know how it works along with the risky mix that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to improve their trading skills. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as the premium customers will immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, you need to have an open mind. Profitly Timothy Sykes
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources helpful in their efforts to reduce losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become a better trader and want to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the “My Trade’ category of the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
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 app version is compatible with most functioning tablets and smartphones.
How many people are on 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 stock market opportunities all over the world.
