Stock trading can be an exciting game with high stakes. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were at your best. If you are immersed in the water, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve discovered an online platform that will help you to improve your performance in the market. We’ll take a look at Profit.ly, a well-recognized 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 Timothy Sykes Alert
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informative responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are starting out as well as a place for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea was, he said, serving two purposes: 1) creating public track records for not just the gurus and newsletter authors and students as well as) making it possible for everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Timothy Sykes Alert
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed towards achieving achievement. You can create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at how the community of traders performs as well as its experts. You’re not just allowed to prove value to a community of traders. You can also use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the veracity of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can opt to post your trades, either verified or not, via pictures. In Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other ways to interact with your experts via chatrooms as well as 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 trading guru who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because they can access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. When he was 25 years old Sykes was 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, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned significant amounts of profit through their years of experience. Timothy Sykes Alert
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Alert
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also have the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform has three membership levels, each designed for traders at different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get 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 might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in have an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. This plan allows that you can set up an account that is private to share with fellow associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ stats, which could be a problem for some who may be looking forward to this tier. Timothy Sykes Alert
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create a private profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly has a few additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time space where experts and their members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be laid back and not very often active, while another may be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able choose from the items in its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the risky mix that come with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Alert
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, 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 meant to be designed to achieve this goal. Instead, you need to have an open mind. Timothy Sykes Alert
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources helpful when they try their best to reduce losses and be more successful than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you really want to become more successful in trading and would like to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Alert
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion in the ‘My Trade’ category of the dashboard. It lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using 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 through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.