The stock market can be an extremely risky game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be extremely difficult to get back to where you were at your best. If you are constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation is not always 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 a significant boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your growth in the market. We’ll be taking an in-depth look at Profit.ly is a well-known 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 Trading
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched 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 traders who are starting out as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it the social media equivalent like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The idea, he added, served two goals: 1.) making public records for all traders, not just the gurus as well as newsletter writers and students, and 2) allowing everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Tim Sykes Trading
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared toward the success of their business. It is possible to create an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to demonstrate that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at less than $5 per share. Penny stock trading could be viewed as an avenue for small businesses to transition to a large marketplace as it gives them access to money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. At the age of 25, he had been given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish 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 sweet inclusions is the vast array of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial profits from their combined years of knowledge. Tim Sykes Trading
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and 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 most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Trading
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. On top of that you’ll also gain the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed up for this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you’re interested in have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. This plan allows that you can set up an account that is private for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats, which might be a drawback for those who are eager to try this new tier. Tim Sykes Trading
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all features from the two prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of more services it has to offer. One of these is its online store, where customers can select from a variety of videos created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You may be familiar with the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. Some may be laid back and less active, while another might be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able to select from the products from its online store to carry with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as adept at handling trading matters but the experts already know how it works along with the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Tim Sykes Trading
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its users
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have curiosity. Tim Sykes Trading
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources useful in their efforts to avoid losses and perform better than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being a better trader and want to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Trading
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade section of the dashboard which lets you record your trades, verifiable 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 the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is evident by the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring opportunities in the stock market left and right.
