The stock market can be a high-stakes game. Some days, you may have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to return to the point you were at your best. If you are immersed in the water, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from 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, 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.
Total Rating: 4.1/5 Tim Sykes Watchlist Reviews
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 enables traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide array of tools and features including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was created in the past by penny expert in stock trading 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 the transparency of every trade, something that was never prior to.” The idea was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) making it possible for everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Tim Sykes Watchlist Reviews
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared at achieving success. It is possible to create an account for free, but you’re limited to the capability to browse 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’ll need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community as well as its gurus. You’re not just allowed to prove that you’re worthy to the large group of traders. You are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you can opt to post your trades, either verified or not, via photographs. 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 as well as other ways to communicate with your gurus in the chatroom, 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 personality who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading is a stepping stone for small companies to move to a large marketplace as it allows them to access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as a trader. When he was 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to 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 amazing features is the wide range of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money through their years of expertise. Tim Sykes Watchlist Reviews
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this 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 Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices; 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 package. It costs $149.95 for a month it is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes Watchlist Reviews
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, 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 and access to the extensive knowledge base provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that cater to traders with different levels. Let’s look at what the three levels are and what they will 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 world of trading. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. It is in this plan that you are able to create a private profile to share with other associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able view other traders’ stats that could be a disadvantage for those who are looking forward to this tier. Tim Sykes Watchlist Reviews
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 per month, with an additional 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the option of creating your own private profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can select from a variety of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a hands-on area where experts and members trade and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be more laid back and not very often active, while another may be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to select from the products on its store online that they can take with them wherever they go. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as adept at handling trading matters, the pros already understand the way it functions and the risky mix that come with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to develop their trading abilities. Like novices, they can learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. 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 Watchlist Reviews
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, you need to have curiosity. Tim Sykes Watchlist Reviews
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s array of resources to be helpful as they do their best to avoid losses and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your mentors and peers throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Tim Sykes Watchlist Reviews
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the ‘My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is a high chance that it is verifiable. This is shown by the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many 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 develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
