Stock trading is an extremely risky game. On some days, you could enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be very difficult to get back to the point you were at your peak. If you are always in the mud You will need to recognize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna 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 improvement within the field. This review will take an in-depth look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Timothy Sykes Itkg
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informed responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it an online social media platform similar like 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 form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” The idea, he added, served two purposes: 1) keeping track of public data for not just the gurus as well as students and newsletter writers and secondly) giving all users to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes Itkg
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed at achieving the success of their business. You may set up an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at how the community of traders performs as well as its experts. It’s not just a way to show your worth to a group of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, verified or not, via photographs. Also included in Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms along with email and text alerts as well as 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 delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks is an opportunity for small companies to move into a larger market because it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profit 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 show “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, 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 earned substantial amounts of money from their combined years of expertise. Timothy Sykes Itkg
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the prominent experts were 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 as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast 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 on iOS as well as Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans which includes alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Itkg
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal account, making your activities publicly available. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package allows users to benefit from the majority of features available in the novice plan. In this plan, that you can create a private profile for sharing 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 is exactly what it says caters to those who desire to improve their trading skills. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders that might be a drawback for those who are looking forward to this tier. Timothy Sykes Itkg
Pro Plan
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. At $74.95 per month, and a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all features of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating an individual profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips 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 array of features and services. You are probably familiar with the chat room as you will see it on social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is rarely engaged, while another could be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus and their members. They’ll also be able to select from the products on its store online for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as adept at dealing with trading issues, the pros already understand the way it functions and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like novices, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade 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 skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Itkg
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Itkg
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources useful in their efforts to incur lesser loss and perform better than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be better at trading and wish to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Itkg
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the “My Trade’ category of the dashboard. It lets you record your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through pictures, it will be classified as unverified.
The downside of having 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 on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many 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 to help one another learn and improve in acquiring stock market opportunities all over the world.
