Stock trading can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you find yourself always in the mud You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth in the market. In this review, we’ll be taking the time to look at Profit.ly A well-respected single-stop social platform to trade!
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 Stock Trading 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 permits traders of various levels to be informed, transparent, accountable, and encouraging one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Think of it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been prior to.” The idea was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts and newsletter authors and students as well as) giving everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Stock Trading Timothy Sykes
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared towards achieving success. It is possible to create an account at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account, and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community and its gurus. It’s not only a chance to demonstrate that you’re worthy to the large group of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may opt to post your trades, verified or otherwise, through pictures. Included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus via chatrooms in addition to 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 his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market is an opportunity for small businesses to transition into a larger market because they can access funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At the age of 25, he had been given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their combined years of knowledge. Stock Trading Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. When we take that into account Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under 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 when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Stock Trading Timothy Sykes
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your 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 at different levels. Let’s look at what the three are and how much they will 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 package, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, and filter your trades and, finally, see other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you do want to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. It is in this plan that you can set up an account that is private for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their trading skills. While it’s nice however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ stats that might be a drawback for those eager to try this new tier. Stock Trading Timothy Sykes
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 each month which includes 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating 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 account that will give you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, where customers can select from a variety of videos that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and clips of the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One of them may be laid back and less active, while another might be more active and in touch in their interactions with students. Think of the chat rooms like 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 are geared towards the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it offers it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can select from the products on its store online that they can take with them wherever they may be. They can also gain hands-on 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 an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as proficient in managing trading but the experts already know how it works and the plethora of risks that it carries. It is ideal to use Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like beginners, they can learn from the top experts 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 and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Stock Trading Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse 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’ll receive excellent training and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the many services that the platform can provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you need to have the ability to think with an open heart. Stock Trading Timothy Sykes
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources useful when they try their best to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being better at trading and wish to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Stock Trading Timothy Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the “My Trade’ category of the dashboard which allows you to post your trades, either verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is a high chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using 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 all over the world.
