Stock trading is an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it can be very difficult to return to the point you were at your best. If you are always in the mud it is important to realize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your growth in the industry. In this review, we’ll take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Classes
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative, transparent, accountable, and to build relationships with each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders new to trading and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” The concept, he added, served two objectives: one) keeping track of public data for not just the gurus and newsletter writers and students, and 2) giving anyone on the platform to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Classes
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared towards achieving the success of their business. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to show that you’re worthy to the community of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you are unsure about the idea of divulging the details of your broker account you can choose to publish your trades, either verified or not, by taking screenshots. In Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile, and more ways to connect with your gurus via chatrooms 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 is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an avenue for small companies to move to a large marketplace as it gives them access to funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits from their collective years of expertise. Timothy Sykes Classes
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
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 a great option for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Classes
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re looking to get access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to use many of the features of the novice plan. This plan allows that you can set up a private profile to share with other associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their trading skills. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics, which might be a drawback for those looking forward to this tier. Timothy Sykes Classes
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month and an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, where customers can choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. One might be a laid-back person who is rarely active, while another may be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available in its online store to carry with them wherever they may be. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to people who are just beginning. Although the novices might not be as adept at managing trading, the pros already understand how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Classes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its customers
- As traders may opt to post any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users will immediately benefit from the number of services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you should have the ability to think with an open heart. Timothy Sykes Classes
What we mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources to be helpful as they do their best to avoid loss and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Classes
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the My Trade section of the dashboard which allows you to post your trades, either verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is the probability that it’s verifiable. This is shown by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently using 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 stock market opportunities all over the world.