Stock trading is a high-stakes game. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were at your best. If you are immersed in the water You will need to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement within the field. This review will be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes Daily Watchlist
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 informative and accountable, as well as transparent and encouraging each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that has never been done before.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus and students and newsletter writers and secondly) making it possible for all users to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Daily Watchlist
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. You can create an account on the site at no cost, however you’re only limited to having the capability to browse 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, which we will go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group and its gurus. It’s not just a way to show your worth to a community of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you can decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have made significant amounts of profit from their collective years of expertise. Timothy Sykes Daily Watchlist
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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 we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices; email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for 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 total trading earnings. Timothy Sykes Daily Watchlist
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You can’t create a private profile, which makes your personal information public. If you’re looking to have access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the Novice plan. In this plan, that you can create a private profile for sharing with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to improve their trading skills. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ statistics that could be a problem for those eager to try this new tier. Timothy Sykes Daily Watchlist
Pro Plan
This is by far the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month with a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all options 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 an individual profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, where customers can choose from a wide array of videos created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members there. One of them may be a laid-back person who is not very often active, while another might be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and their members. Additionally, they can select from the products on its store online for them to take wherever they travel. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks that it carries. Ideally, they may use Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Daily Watchlist
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You will be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you should have an open mind. Timothy Sykes Daily Watchlist
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources helpful as they do their best to reduce losses and be more successful than before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Daily Watchlist
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the My Trade section of the dashboard. It lets you post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does 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 the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities left and right.
