Stock trading can be a high-stakes game. Some days, you could have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to get back to the point you were at your peak. If you find yourself constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance in the industry. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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 Profit Ly Trades
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informative responsible, transparent, and encouraging one another through its wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people who are starting out and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never previously done.” The concept, he added, served two objectives: one) keeping track of public data for everyone, not just the experts and newsletter writers and students, and 2) making it possible for anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Timothy Sykes Profit Ly Trades
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared toward achievement. You can create an account for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to show value to a community of traders. You can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you may choose to publish your trades, whether verified or otherwise, through screenshots. In Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile and other methods to connect with your gurus through the chatroom as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as a trader. At the age of 25, he had been given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place for 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 learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial amounts of money through their years of experience. Timothy Sykes Profit Ly Trades
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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 Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, as well as email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos, with new ones released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both 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 trading earnings. Timothy Sykes Profit Ly Trades
The Superman Alerts package is his package of vital features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign to this plan, you will be immediately given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone 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 get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. This plan allows that you are able to create an account that is private for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their skills in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats that might be a drawback for some who may be anticipating this level. Timothy Sykes Profit Ly Trades
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 each month which includes a 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all the features of the prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of them is the online store, which lets users choose from a wide array of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and clips from the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their 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 there. One of them may be a laid-back person who is less active, while another might be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products on its store online for them to take wherever they travel. They can also gain hands-on experience trading on the platform, however they’ll realize that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand the way it functions and the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to improve their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Timothy Sykes Profit Ly Trades
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning tools, 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 live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s numerous packages and services offered could be too much for most of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to offer
The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, it is best to keep curiosity. Timothy Sykes Profit Ly Trades
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly want to become more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Timothy Sykes Profit Ly Trades
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade section of the dashboard that lets you record your trades, either verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.