The stock market can be a high-stakes game. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your peak. If you find yourself always in the mud, you will have to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement in the industry. This review will take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Contact
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed, transparent, accountable, and uplifting with each other through its broad array of tools and features including chat rooms, trade verification, and an enriched 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 traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” This idea was, he said, serving two goals: 1.) creating public track records for not just the gurus and newsletter writers and students and secondly) giving everyone on the platform to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Contact
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared toward the success of their business. You can create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not just a way to demonstrate your worth to a large group of traders, as you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you may opt to post your trades, whether verified or not, by taking screenshots. Included in Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for under $5 for each share. The penny stock market can be seen as an avenue for small companies to move into a larger market because it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency 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 vast array of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money from their combined years of experience. Timothy Sykes Contact
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: 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 we’ll take a look at what packaged deals 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. At $74.95 per month, you will observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Contact
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and 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 a growing library of all the previous ones. On top of that, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you can set up a private profile to share with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to improve their trading skills. 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 the statistics of other traders this could be a problem for some who may be looking forward to this tier. Timothy Sykes Contact
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, and an additional 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the features of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating your own private profile. Both of these features, in addition to the benefits that you can use 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 tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of these is its online store, which allows users to select from a variety of video products created to help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat support. But in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. Some may be a laid-back person who is rarely active, while another may be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can select from the products in its online store to carry with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Timothy Sykes Contact
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 tons of learning tools, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- 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 chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its users
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, you should have an open mind. Timothy Sykes Contact
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful than before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being better at trading and wish to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Contact
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard which lets you record your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo 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’s the 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 unauthentic trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, 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 are connected to 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 to help one another learn and improve in acquiring stock market opportunities all over the world.
