Stock trading can be an exciting game with high stakes. On some days, you might enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were your peak. If you’re immersed in the water, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe. That’s why we’ve found an online platform that will help you to improve your performance in the market. This review will be taking an in-depth look at Profit.ly, a well-recognized 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 Tim Sykes Class
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 enables traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad array of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those new to trading and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been previously done.” The idea Sykes said served two purposes: 1) making public records for not just the gurus, but also the students and newsletter writers, and 2) giving all users to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Class
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared at achieving success. It is possible to create an account there 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 interested in investing your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers, which we will go over shortly.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at how the community of traders performs and its gurus. It’s not only a chance to prove your worth to a group of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you can decide to share your trades, either verified or not, by taking photographs. Also included in Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account, and more ways to connect with your gurus 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 trader who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a market that is larger as it allows them to access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for 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 variety of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned significant amounts of profit through their years of experience. Tim Sykes Class
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the 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 can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices, as well as text, e-mail 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 program. It costs $149.95 monthly, this is a great option for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
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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 both 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 total trading profits. Tim Sykes Class
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s break down what these three are and how much they’ll 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 community. As you sign to 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 could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use many of the features of the novice plan. This plan allows that you can create a private profile for sharing with fellow associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their trading skills. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats, which could be a problem for those anticipating this level. Tim Sykes Class
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. At $74.95 each month which includes 22% off for annual billing, this tier has everything. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create a private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you with everything you require 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 has a few other services they offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You may be familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. Some may be laid back and less engaged, while another could be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for everyone.
Newbies, for instance, will appreciate 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 their members. Additionally, they can choose from the items in its online store to carry with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works along with the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Tim Sykes Class
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have curiosity. Tim Sykes Class
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s array of resources helpful as they do their best to avoid loss and perform better than before. It’s not just 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 really desire to be better at trading and wish to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Tim Sykes Class
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade’ category of the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market left and right.
