Stock trading can be an exciting game with high stakes. On some days, you could have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to get back to the point you were at your best. If you find yourself always in the mud, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified a platform that can support you in your growth within the field. This review will take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Hedge Fund
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” This idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter writers and students, and 2) making it possible for all users to be enlightened by both losses and wins for the trading industry’s benefit. Timothy Sykes Hedge Fund
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. It is possible to create an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of the performance of the trading community as well as its experts. It’s not only a chance to show value to a group of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the veracity of their claims.
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 otherwise, through photographs. Included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile, 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 trader who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading can be seen as an avenue 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 can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned substantial profits from their combined years of experience. Timothy Sykes Hedge Fund
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of 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. When we take that into account Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur 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 available for iOS as well as Android devices; texts, emails, 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 package. Priced at $149.95 monthly, it is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Hedge Fund
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look 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’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows users to benefit from many of the features of The Novice package. This plan allows that you are able to create a private profile to share with other 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 to those who desire to develop their skills in trading. While it’s nice, there is one significant 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 problem for those who are anticipating this level. Timothy Sykes Hedge Fund
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, which includes a 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred 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 option of creating an individual profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of more services it has to offer. One of those is its online store, which lets users pick from a range of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One of them may be more laid back and not very often active, while another may be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. With the variety of deals 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. Not only will they be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works and the risky mix associated with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Hedge Fund
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes Hedge Fund
What we do mean”yes” is it can be a great learning tool. Those who may be stuck might discover Profit.ly’s variety of resources to be helpful in their efforts to reduce loss and perform better than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to be taught by your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Hedge Fund
How can you make use of Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the My Trade section of the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on 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 is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.
