The stock market can be a high-stakes game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your most productive. If you are immersed in the water You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced occasional losses, 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 world, which is why we’ve identified an online platform that will help you to improve your performance in the market. In this review, we’ll take the time to look at Profit.ly is a well-known 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 Blogs
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative and accountable, as well as transparent and encouraging one another through its wide range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders new to trading as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad array of options for trade and communication that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been done before.” The concept, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter writers and students, and 2) making it possible for everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Timothy Sykes Blogs
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to prove value to a community of traders. You can also utilize Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you can decide to share your trades, verified or not, via pictures. In Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus through the chatroom along with notifications via email or text 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 is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market can be seen as an avenue for small businesses to transition to a large marketplace as it gives them access to money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made significant amounts of profit from their collective years of knowledge. Timothy Sykes Blogs
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the prominent gurus included 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. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices, as well as email, text, 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, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, this is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos that are updated every 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 both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Blogs
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, the daily market updates in real time, and email 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 via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking 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 up and running. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed 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 procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in 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 you to take advantage of the majority of features available in The Novice package. It is in this plan that you can create an account that is private to share with fellow associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their expertise in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders that might be a drawback for those looking forward to this tier. Timothy Sykes Blogs
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. At $74.95 each month and a 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all features of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the option of creating your own private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, 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 more services it has to offer. One of those is its online store, which lets users select from a variety of video products designed to inform and 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. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. Some may be more laid back and rarely engaged, while another could be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from the in-house experts and their members. They’ll also be able pick from the merchandise available 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 shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Timothy Sykes Blogs
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not offer refunds because its premium users are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Blogs
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s array of resources useful in their efforts to reduce losses and be more successful than they did before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you really care about being more successful in trading and would like to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Blogs
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the My Trade category on the dashboard that lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.