Stock trading can be an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your most productive. If you’re constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified an option that can help you to improve your performance in the market. 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.
Overall Rating: 4.1/5 Tim Sykes Profitly Trades
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 all levels to be informative responsible, transparent, and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders new to trading and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was based “on the transparency of every trade, something that was never done before.” The idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus and students and newsletter writers and secondly) making it possible for anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Tim Sykes Profitly Trades
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed toward success. You can create an account there for free, but you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to show your worth to a large group of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you can decide to share your trades, whether verified or not, by taking screenshots. In Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus through the chatroom along with 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 the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. Penny stock trading can be seen as an avenue for small businesses to transition into a larger market because it allows them to access funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money from their collective years of knowledge. Tim Sykes Profitly Trades
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. In light of that Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans such as alerts for swing trading and access to a library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Tim Sykes Profitly Trades
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also gain access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign to this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re interested in gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use a majority of features from The Novice package. This plan allows that you are able to create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their skills in trading. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats, which might be a drawback for those who are anticipating this level. Tim Sykes Profitly Trades
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes a 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of more services it has to offer. One of these is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the site can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on space where experts and their members can interact and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. One of them may be a laid-back person who is not very often active, while another may be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able select from the products in its online store for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a high stakes game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in handling trading matters, the pros already understand how it works along with the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Tim Sykes Profitly Trades
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main features, 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 packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for most of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users will immediately benefit from the number of services the platform has to offer
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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 this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep an open mind. Tim Sykes Profitly Trades
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s array of resources useful as they do their best to reduce loss and perform better than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Profitly Trades
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, 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 the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities left and right.
