Stock trading can be a high-stakes game. On some days, you could have the benefit of pleasing and positive numbers. On other days, however it could be the reverse and it could be very difficult to get back to where you were your most productive. If you are always in the mud it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an option that can help you to improve your performance within the field. This review will take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Tim Sykes Around The World
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 all levels to be informed, transparent, accountable, and encouraging each other through its broad array of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was based “on showing every trade, something that was never previously done.” This idea, he added, served two goals: 1.) making public records for all traders, not just the gurus and newsletter writers and students, and 2) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Tim Sykes Around The World
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed at achieving the success of their business. 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 follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and skills, join your brokerage account, and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to demonstrate that you’re worthy to the large group of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could decide to share your trades, either verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a market that is larger as they can access money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. At 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms, 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 of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have earned significant amounts of profit from their combined years of experience. Tim Sykes Around The World
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released 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 both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Tim Sykes Around The World
The Superman Alerts plan is an 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 premarket stock watchlist along with the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also have 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 eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You can’t create a private account, making your actions public. If you do want to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. In this plan, that you are able to create an account that is private to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able view the statistics of other traders this might be a drawback for those who are anticipating this level. Tim Sykes Around The World
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, and a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of more services it has to offer. One of these is its online store, where customers can select from a variety of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be a laid-back person who is not very often active, while another may be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based 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 members. Additionally, they can select from the products on its store online for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works along with the risky mix associated with it. Ideally, they may use Profit.ly’s array of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts , and use 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. Certified experts can also take part in the fun! People in the trade industry 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 expertise to other traders as a way to help assist them in the ever-changing trading process. Tim Sykes Around The World
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You will be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have an open mind. Tim Sykes Around The World
What we mean”yes” is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s array of resources helpful when they try their best to incur lesser losses and perform better than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Tim Sykes Around The World
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the My Trade’ category of the dashboard which lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
