Stock trading is an extremely risky game. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your best. If you’re immersed in the water it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your improvement within the field. This review will be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Profit Ly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed responsible, transparent, and encouraging each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries that the site. Imagine it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The idea was, he said, serving two goals: 1.) creating public track records for all traders, not just the gurus, but also the students and newsletter writers as well as) allowing everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Profit Ly
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed toward the success of their business. You can create an account for free, but you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create an account with your experience and skills, join 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 mentioned previously it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders, as you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may choose to publish your trades, either verified or not, via screenshots. In Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account, and more ways to interact with your experts via chatrooms as well as 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 trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a market that is larger as it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial profits from their combined years of expertise. Timothy Sykes Profit Ly
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: the 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 what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as 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 premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, this is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones 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. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Profit Ly
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, the daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also gain an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private account, making your personal information public. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. This plan allows that you can create an individual profile that allows you to share with other associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to see the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. Timothy Sykes Profit Ly
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, and a 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all features from the two previous plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create an individual profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to select from a variety of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes from events like 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 concept of the chat room since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a real-time space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be laid back and less active, while another might be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they may go. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Profit Ly
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 a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its users
- Since traders can choose to post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be overlooked.
- 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 yes. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, it is best to keep an open mind. Timothy Sykes Profit Ly
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources useful when they try their best to reduce losses and perform better than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being more successful in trading and would like to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Profit Ly
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the “My Trade category on the dashboard that lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is shown by the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving downvotes from colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.
