The stock market can be a high-stakes game. On certain days, you could be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to where you were your most productive. If you are always in the mud it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your growth in the market. In this review, we’ll take a 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 Mid Year Review
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 enables traders of various levels to be informative, transparent, accountable, and uplifting with one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people new to trading as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not 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 his interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The concept Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter authors and students, and 2) making it possible for everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Tim Sykes Mid Year Review
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared towards achieving success. You may set up an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to demonstrate that you’re worthy to the community of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may opt to post your trades, verified or otherwise, through photographs. Also included in Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market could be viewed as an opportunity for small companies to move to a large marketplace as they can access capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are 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 through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Tim Sykes Mid Year Review
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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. In light of that Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month this is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “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 the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Tim Sykes Mid Year Review
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those 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 updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also have the ability to access premium reports on research as well as the IPO and earnings tracker.
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 resources to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use many of the features of The Novice package. This plan allows that you can set up an account that is private to share with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their trading skills. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ statistics, which could be a disadvantage for those who are looking forward to this tier. Tim Sykes Mid Year Review
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month with a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of other services they provide. One of these is its online store, which lets users choose from a wide array of videos that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be a laid-back person who is not very often engaged, while another could be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus as well as their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works along with the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Tim Sykes Mid Year Review
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be taught by experts and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- 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 users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might 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 may take advantage by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the many services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you should have the ability to think with an open heart. Tim Sykes Mid Year Review
What we are referring to”yes” is it can be a great learning tool. People who are stuck might discover Profit.ly’s range of resources to be helpful when they try their best to reduce losses and perform better than before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Mid Year Review
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade’ category of the dashboard which lets you post your trades, either verified or not. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is 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 as well as in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities left and right.
