Stock trading can be an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be very difficult to return to the point you were at your best. If you’re constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you to improve your performance in the market. We’ll take an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Legit Picks
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be informative and accountable, as well as transparent and encouraging one another through its wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are just beginning their journey and also as a platform 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 gives the gurus an opportunity to invest in the right areas of the platform. Think of it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that has never been done before.” This idea, he added, served two purposes: 1) making public records for all traders, not just the gurus and students and newsletter writers, and 2) making it possible for all users to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Legit Picks
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared at achieving success. You can create an account there for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community and its experts. It’s not just a way to prove that you’re worthy to the large group of traders, but you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can decide to share your trades, whether verified or not, via pictures. In Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit from their collective years of expertise. Timothy Sykes Legit Picks
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the most famous experts 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: the founder as well as 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 packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices; texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, which includes alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Legit Picks
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. On top of that you’ll also have access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that cater to traders of different levels. Let’s break down what these three levels are and what 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. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
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 set up a private profile to share with other associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view the statistics of other traders, which could be a problem for some who may be looking forward to this tier. Timothy Sykes Legit Picks
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 each month which includes 22% off for billing annually the Pro plan has it all. It gives you full, unlimited access to all features from the two prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of other services they offer. One of these is its online store, which lets users select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading expert 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 from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You’re 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 assistance. However, in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be more laid back and less active, while another might be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it can provide it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able select from the products from its online store that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as adept at handling trading matters but the experts already know how it works along with the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Legit Picks
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with the answer, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes Legit Picks
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful as they do their best to reduce losses and be more successful than they did before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Legit Picks
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade’ category of the dashboard which lets you post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does 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 in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.
