Stock trading is a high-stakes game. Some days, you may enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your most productive. If you’re constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve found a platform that can support you in your improvement within the field. In this review, we’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Message Board
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 various levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools such as chat rooms, trade verification as well as an extensive 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 as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for communication and trade and letting traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been prior to.” This idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus and students and newsletter writers, and 2) giving everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Message Board
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You can create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at the performance of the trading community and its experts. It’s not just a way to show that you’re worthy to the group of traders, but you can also utilize Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading classes, the ability to view the stats of a trader’s account, and more ways to interact with your experts 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 trader who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading can be seen as an opportunity for small companies to move into a larger market because it gives them access to money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial profits from their combined years of expertise. Timothy Sykes Message Board
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the 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 we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Message Board
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that cater to traders with 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 beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all 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 is the ability to verify trades and track profits as well as leading, following and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you do want to have access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use a majority of features from the novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics this might be a drawback for those who are looking forward to this tier. Timothy Sykes Message Board
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, with an additional 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all features of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create your own private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can pick from a range of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings 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 expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You are probably familiar with the chat room as you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be laid back and not very often engaged, while another could be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus as well as their members. Additionally, they can choose from the items from its online store for them to take wherever they may travel. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as well-equipped with handling trading matters, the pros already understand the way it functions and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Message Board
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, 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 wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes Message Board
What we do mean”yes” is it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s variety of resources useful as they do their best to reduce losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Message Board
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 that lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you post it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
