Stock trading can be an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your peak. If you’re always in the mud You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your improvement in the industry. This review will take 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 Profitly
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative, transparent, accountable, and encouraging each other through its broad array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are starting out as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept Sykes said served two purposes: 1) making public records for not just the gurus and students and newsletter writers, and 2) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Tim Sykes Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed towards achieving success. You may set up an account for free, but you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself the chance to climb your way to high on 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 experts. It’s not just a way to prove value to a group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise 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 opt to post your trades, verified or not, via screenshots. In Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts via chatrooms in addition to email and text alerts as well as updates.
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Meet 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 the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small businesses to transition to a market that is larger as they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and 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 for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money from their collective years of experience. Tim Sykes Profitly
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it 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 including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for 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 Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, as well as E-mail and SMS 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 Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. 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 hands on what we could call a ruthless procedure in its own.
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 as well as leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan is $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, which makes your actions public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from The Novice package. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders that could be a problem for those who are eager to try this new tier. Tim Sykes Profitly
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all the features of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating your own private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few additional services that it can provide. One of these is its online store, where customers can pick from a range of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and footage from events like 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 range of services and features. You’re probably familiar with the concept of the chat room as 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 is seen as a real-time place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be more laid back and not very often active, while another might be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and their members. Additionally, they can select from the products on its store online that they can take with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that this is a risky game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as adept at dealing with trading issues however, experienced traders know the way it functions and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to develop their trading skills. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Tim Sykes Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and insights from its inside experts, as well as 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 other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Tim Sykes Profitly
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s variety of resources useful when they try their best to avoid losses and be more successful than they did before. It’s not just 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 truly care about being better at trading and wish to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Tim Sykes Profitly
How can you make use of Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the “My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your 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 if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is a high chance that it is verifiable. This is indicated with the blue check mark. If you submit the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities all over the world.