Stock trading is an extremely risky game. Some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it could be extremely difficult to get back to where you were your best. If you’re immersed in the water it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve found an online platform that will help you in your growth in the industry. In this review, we’ll be taking a look at Profit.ly A well-respected all-in-one 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes Trade Scanner
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad array of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website 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 with the help of advanced analytics tools. It provides users with a vast array of options for trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries that the site. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus and newsletter authors and students and secondly) giving all users to gain insight into both the wins and losses to benefit the industry of trading. Tim Sykes Trade Scanner
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed towards achieving success. You can create an account for free, but you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not just a way to prove value to a large group of traders, but you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, either verified or otherwise, through pictures. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus in 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 efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. The trading of penny stocks is an avenue for small businesses to transition to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. At 25 years old Tim Sykes had received more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a place for 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 amazing features is the variety of education sources, 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 earned significant amounts of profit from their combined years of experience. Tim Sykes Trade Scanner
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 included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to predict 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 app that’s available to iOS as well as Android devices; email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, this is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Trade Scanner
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 along with the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for 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 call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. You can’t create a private account, making your personal information public. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. In this plan, that you can create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for those looking forward to this tier. Tim Sykes Trade Scanner
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, and a 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all features from the two 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. 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 with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of other services they offer. One of those is its online store, where customers can pick from a range of video products created to help you understand the ins and outs of trading. The products listed on this page of the website can be purchased immediately 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 related to short stocking, penny stocking, and all other things trading-related, clips and clips from 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 variety of services and features. You are probably familiar with the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. Some may be laid back and rarely engaged, while another could be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room advice from the in-house experts and members. They’ll also be able to choose from the items in its online store to carry with them wherever they go. You can also get hands-on experience trading on the platform, however, they will soon learn that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to enhance their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Tim Sykes Trade Scanner
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, you need to have curiosity. Tim Sykes Trade Scanner
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s array of resources useful when they try their best to incur lesser loss and perform better than before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Tim Sykes Trade Scanner
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the “My Trade section of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is shown by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities all over the world.
