Stock trading can be a high-stakes game. Some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it could be very difficult to get back to the point you were at your most productive. If you’re constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve discovered an option that can help you to improve your performance within the field. This review will take an in-depth look at Profit.ly is a well-known 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 Timothy Sykes 30 Day
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud 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 his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” The concept, he added, served two goals: 1.) making public records for everyone, not just the experts as well as newsletter writers and students and secondly) giving anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes 30 Day
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed toward success. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll go over shortly.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll have 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 an insight into their performance as a trading group and its gurus. It’s not only a chance to prove value to a community of traders. You are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you may choose to publish your trades, whether verified or not, by taking photographs. Also included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account, and more ways to connect with your gurus through the chatroom in addition to text and e-mail alerts and 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” is a small business’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small companies to move to a large marketplace as it allows them to access money from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of 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 sweet inclusions is the variety of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have made substantial profits through their years of experience. Timothy Sykes 30 Day
At its peak, 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 famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes 30 Day
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile application, daily market updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what 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 world. As you sign up for this package you’ll be given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you’re interested in get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use a majority of features from the Novice plan. This plan allows that you can set up an account that is private to share with other associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to see the statistics of other traders this might be a drawback for those anticipating this level. Timothy Sykes 30 Day
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 per month, with an additional 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips from 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 array of services and features. You are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members. Some may be more laid back and less engaged, while another could be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able to select from the products in its online store for them to take wherever they be. You can also get hands-on experience trading on the platform, but eventually they’ll realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly equally suited for them as it is for those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know how it works along with the stack full of risks that it carries. Ideally, they may use Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman and 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. Timothy Sykes 30 Day
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You will be taught by experts and tips from the 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 accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers will immediately take advantage of the numerous services the platform has 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 answer to this question, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes 30 Day
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck may discover Profit.ly’s variety of resources to be helpful when they try their best to avoid loss and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes 30 Day
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade’ category of the dashboard. It allows you to post your trades, verifiable or not. There are 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 transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 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 stock market opportunities all over the world.
