The stock market can be an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your improvement within the field. We’ll take the time to 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 Interview
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed, transparent, accountable, and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast array of options for communication and trade that help traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” The concept, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter authors and students, and 2) making it possible for anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes Interview
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed at achieving the success of their business. It is possible to create an account at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need 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 an account with your experience and skills, join to your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into their performance as a trading group and its gurus. You’re not just allowed to show value to a group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may opt to post your trades, either verified or not, by taking photographs. Also included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into 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 penny stock market can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their combined years of expertise. Timothy Sykes Interview
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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. With that taken into consideration, let’s take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, as well as 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, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Interview
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally you’ll also have access to premium research reports and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed up for this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you do want to have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their trading skills. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ statistics that could be a disadvantage for those who are anticipating this level. Timothy Sykes Interview
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 each month which includes 22% off when billed annually This plan offers everything. It gives you full, unlimited access to all options of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating an individual profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few more services it has to provide. One of those is its online store, which allows users to select from a variety of videos designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and footage of The Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You may be familiar with chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a area where experts and members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One might be more laid back and not very often active, while another may be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice from its in-house gurus and members. They’ll also be able select from the products in its online store for them to take wherever they may go. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as adept at dealing with trading issues however, experienced traders know how it works and the risky mix that it carries. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Interview
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- 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 screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the number of services the platform has to provide
The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, you need to have curiosity. Timothy Sykes Interview
What we mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could find Profit.ly’s range of resources to be helpful when they try their best to avoid losses and perform better than they did before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes Interview
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade’ category of the dashboard. It lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
What can I do to determine if the trade is verifiable 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 submit it manually or through images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of 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?
As of the moment, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.