Stock trading can be an extremely risky game. Some days, you might have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it can be very difficult to get back to where you were your peak. If you are constantly stuck in the gutter You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your growth within the field. This review will take a look at Profit.ly, a well-recognized 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 Membership
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 allows traders of various levels to be informed, transparent, accountable, and to build relationships with one another through its wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is 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 with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as 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 publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” This idea, he added, served two purposes: 1) making public records for everyone, not just the experts and students and newsletter writers, and 2) allowing everyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Membership
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared towards achieving achievement. You may set up an account on the site for free, but you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to show your worth to a group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition to a market that is larger as it gives them access to money from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as a trader. At 25 years old Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform 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 sweet inclusions is the wide range of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned significant amounts of profit from their combined years of expertise. Timothy Sykes Membership
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. 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 the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and 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, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans such as swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Membership
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three tiers are and how much they’ll 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 world of trading. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following, and even messaging 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, finally, see other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re looking to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. In this plan, that you can set up an account that is private to share with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their skills in trading. While it’s nice but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ stats, which might be a drawback for those looking forward to this tier. Timothy Sykes Membership
Pro Plan
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, with a 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating an individual profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few more services it has to provide. One of them is the online store, where customers can pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You may be familiar with chat rooms since you will see it on social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a place where gurus and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One might be laid back and not very often active, while another might be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can choose from the items from its online store that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in managing trading but the experts already know the way it functions and the plethora of risks that come with it. It is ideal to use Profit.ly’s variety of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Timothy Sykes Membership
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You’ll 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 assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- Since traders can choose to make any type of trade, there is a possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you should have curiosity. Timothy Sykes Membership
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s array of resources to be helpful as they do their best to reduce losses and perform better than they did before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really care about being better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Timothy Sykes Membership
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades within the My Trade section of the dashboard. It lets you post 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 into the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities all over the world.
