The stock market can be an exciting game with high stakes. On some days, you may enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it can be very difficult to get back to where you were at your peak. If you find yourself always in the mud You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve identified an option that can help you in your improvement in the market. We’ll take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Tim Sykes Revie
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are just beginning their journey and also as a platform 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 to facilitate trade and communication that help traders from all walks of life 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 the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was based “on showing every trade, something that was never prior to.” The idea, he added, served two objectives: one) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) allowing everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Tim Sykes Revie
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. It is possible to create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready 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 discuss in the near future.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to prove that you’re worthy to the group of traders, as you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you may choose to publish your trades, verified or not, by taking screenshots. In Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms 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 guru who is famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as 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 with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their collective years of expertise. Tim Sykes Revie
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “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 all-time trading profits. Tim Sykes Revie
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign to this plan you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you’re interested in have access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. This plan allows that you can set up a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their skills in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which might be a drawback for those who are looking forward to this tier. Tim Sykes Revie
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes 22% off for billing annually, this tier has it all. It gives you full, unlimited access to all options of the previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few more services it has to provide. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be laid back and not very often active, while another may be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide 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 has to offer, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to select from the products on its store online for them to take wherever they may be. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
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! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Tim Sykes Revie
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You will receive excellent training 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 and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish 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 preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them may take advantage 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 the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep an open mind. Tim Sykes Revie
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s array of resources useful when they try their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish to learn from 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 Revie
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade category on the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does 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 the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.