The stock market can be an extremely risky game. On some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it can be very difficult to get back to where you were at your most productive. If you’re immersed in the water, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve discovered a platform that can support you in your growth in the industry. We’ll take a 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 Dvds
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 enables traders of all levels to be informed responsible, transparent, and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders new to trading and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for trade and communication that help traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two purposes: 1) creating public track records for not just the gurus and newsletter authors and students and secondly) making it possible for anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Timothy Sykes Dvds
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared towards achieving the success of their business. You can create an account at no cost, however you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group and its experts. It’s not just a way to show that you’re worthy to the large group of traders. You can also utilize Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, verified or not, via photographs. Also included in Profit.ly are a variety of trading courses and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom 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 famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks can be seen as an opportunity for small companies to move into a larger market because it gives them access to capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as a trader. At 25 years old, he had been given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money through their years of experience. Timothy Sykes Dvds
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field 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, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices; texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is a great option for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included 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 weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Dvds
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your fingers 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 ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by 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 have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. It is in this plan that you can create a private profile to share with other associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats, which could be a disadvantage for those who are anticipating this level. Timothy Sykes Dvds
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month which includes an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these options, on top of all the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One might be more laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Think of chatrooms 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 caters to the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able choose from the items from its online store that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! 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 abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Dvds
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for most of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the many services the platform has to 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 answer to this question, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you should have curiosity. Timothy Sykes Dvds
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s array of resources useful as they do their best to avoid losses and perform better than before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Dvds
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the “My Trade section of the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three options:
- 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.
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.
