Stock trading can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it can be very difficult to get back to the point you were at your best. If you’re immersed in the water it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve identified an option that can help you in your improvement in the industry. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized single-stop social platform to trade!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Best Lesson On Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication, it helps 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 an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The idea, he added, served two objectives: one) creating public track records for not just the gurus, but also the students and newsletter writers, and 2) making it possible for all users to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Best Lesson On Profitly
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared at achieving the success of their business. You may set up an account there for free, but you’re only given 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 which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate value to a large group of traders, but you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, then you could opt to post your trades, whether verified or not, by taking screenshots. Included in Profit.ly are the vast number 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 via chatrooms in addition to notifications via email or text 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 the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition to a market that is larger as they can access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made substantial amounts of money from their combined years of expertise. Timothy Sykes Best Lesson On Profitly
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Best Lesson On Profitly
The Superman Alerts plan is his offer of the most 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 application, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also have access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be 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 monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you do want to get 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 package allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you are able to create a private profile to share with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able view other traders’ stats this could be a problem for those who are eager to try this new tier. Timothy Sykes Best Lesson On Profitly
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. With $74.95 per month, and an additional 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all options of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which lets users select from a variety of instructional videos that are created to guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You are probably familiar with chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on space where experts and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. One might be laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able select from the products from its online store for them to take wherever they go. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for the newcomers. While novice traders may not be as proficient in handling trading matters, the pros already understand how it works along with the plethora of risks that it carries. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at similar levels to 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 navigate them through the ever-changing trading process. Timothy Sykes Best Lesson On Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its users
- If traders decide to post any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many 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 appropriate answer for this query, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Best Lesson On Profitly
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s variety of resources useful as they do their best to incur lesser losses and perform better than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Timothy Sykes Best Lesson On Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the “My Trade’ category of the dashboard which allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.
