Stock trading can be an extremely risky game. On some days, you may have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite and it could be very difficult to return to the point you were at your peak. If you find yourself constantly stuck in the gutter it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your growth in the industry. In this review, we’ll take the time to 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. 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 Watchlist For Tomorrow
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informative responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people who are just beginning their journey as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. 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 from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” This idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter authors and students, and 2) allowing anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Tim Sykes Watchlist For Tomorrow
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. You may set up an account for free, but you’re limited to access to the leaderboard and follow 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 will need to join one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not just a way to prove your worth to a group of traders, as you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, either verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account as well as other ways to interact with your experts through the chatroom along with email and text alerts 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 penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At the age of 25 Sykes was given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a platform for 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 most appealing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made significant amounts of profit from their collective years of experience. Tim Sykes Watchlist For Tomorrow
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, as well as text, e-mail, 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. Priced at $149.95 monthly, it is a great option for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Watchlist For Tomorrow
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “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 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 a growing library of all the previous ones. Additionally, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign up for this package you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you do want to get the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. It is in this plan that you can create an individual profile that allows you to share with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their skills in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able view other traders’ stats that might be a drawback for those who are anticipating this level. Tim Sykes Watchlist For Tomorrow
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create your own private profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of other services they provide. One of those is its online store, which allows users to pick from a range of video products created to guide you through the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other related to trading, videos and clips of the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on area where experts and members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be a laid-back person who is rarely active, while another may be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able choose from the items from its online store for them to take wherever they travel. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that trading is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as adept at dealing with trading issues but the experts already know the way it functions and the risky mix that come with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to enhance their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to assist them in the ever-changing trading process. Tim Sykes Watchlist For Tomorrow
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as 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 authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the many services that the platform can 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 yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have curiosity. Tim Sykes Watchlist For Tomorrow
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources to be helpful when they try their best to reduce losses and perform better than before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Tim Sykes Watchlist For Tomorrow
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the ‘My Trade’ category of the dashboard that allows you to post your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.