The stock market can be an extremely risky game. Some days, you may enjoy the benefits 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, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth within the field. This review will take an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Collection
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informed responsible, transparent, and to build relationships with one another through its wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as a social media site akin the likes of 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 style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” The concept Sykes said served two objectives: one) making public records for everyone, not just the experts as well as students and newsletter writers and secondly) giving all users to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Collection
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared toward success. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to prove value to a group of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, verified or not, by taking photographs. In Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile and other methods to communicate with your gurus via chatrooms along with 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 trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The penny stock market can be seen as an avenue for small businesses to transition to a large marketplace as they can access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of 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 sweet inclusions is the vast array of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned significant amounts of profit from their collective years of knowledge. Timothy Sykes Collection
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: Founder of the penny stock market 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 Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per 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 application that is available to 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, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts and unlimited access to a rich 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 swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Collection
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, the 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 a knowledgeable base of information provided by Superman himself via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers, each designed for traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you do want to get the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their trading skills. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats this could be a problem for those who are eager to try this new tier. Timothy Sykes Collection
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 each month with a 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these options, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few other services they provide. One of these is its online store, which allows users to choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be laid back and rarely engaged, while another could be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
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 the newbies may not be as adept at handling trading matters, the pros already understand the way it functions and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s array of features to their full advantage to enhance their trading skills. Like novices, they can study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Timothy Sykes Collection
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the number of services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Timothy Sykes Collection
What we are referring to”yes” is it can be a great learning tool. People who are stuck might be able to find Profit.ly’s variety of resources helpful in their efforts 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!
If you truly care about being a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Timothy Sykes Collection
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the ‘My Trade section of the dashboard which lets you post your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you post the information manually or via images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
