Stock trading is a high-stakes game. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to the point you were at your best. If you are constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve found an option that can help you in your growth in the industry. In this review, we’ll be taking the time to 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. 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 Out Of Office
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informed and accountable, as well as transparent and encouraging one another through its wide range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders who are starting out and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for experts 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 ensures that the trades are authentic and won’t allow for fraud as much as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” This idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus, but also the students and newsletter writers as well as) making it possible for anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Timothy Sykes Out Of Office
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 success. It is possible to create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and expertise, connect your brokerage account, and you’ll have a chance to shoot through 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 as well as its experts. It’s not only a chance to demonstrate your worth to a community of traders, as you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may decide to share your trades, verified or not, via screenshots. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus through the chatroom as well as 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 guru who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. At 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a place for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make substantial amounts of money through their years of expertise. Timothy Sykes Out Of Office
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most famous 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 this platform: the founder and 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 packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “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. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Out Of Office
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may 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, the daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition you’ll also have the ability to access premium reports on research as well as 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 field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign to this plan you’ll be given a slew of robust and vital trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you’re interested in have access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you can create a private profile for sharing with fellow associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able view other traders’ statistics this might be a drawback for those who are anticipating this level. Timothy Sykes Out Of Office
Pro Plan
The Pro plan is the most premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, with 22% off for annual billing the Pro plan has everything. You get full, no-holds-barred access to all the options of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few more services it has to offer. One of those is its online store, where customers can pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a place where gurus and their members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. Some may be more laid back and not very often active, while another may be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room tips from the in-house experts and members. They’ll also be able to select from the products on its store online that they can take with them wherever they travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suited to the newcomers. While the newbies may not be as adept at managing trading, the pros already understand how it works along with the stack full of risks associated with it. Ideally, they may use Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Out Of Office
Profit.ly’s Pros and Cons
The Pros
- 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 will be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its customers
- If traders decide to open any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of 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 was not always designed to be used in this way. Instead, you need to have curiosity. Timothy Sykes Out Of Office
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s array of resources helpful as they do their best to avoid loss and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Out Of Office
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the My Trade’ category of the dashboard which lets you post your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are using 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 assist each other to learn and improve in acquiring stock market opportunities left and right.
