Stock trading can be a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it could be very difficult to get back to where you were at your peak. If you’re immersed in the water, you will have to realize that relying on instinct and survival is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your improvement in the market. This review will take the time to look at Profit.ly A well-respected all-in-one 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes Profitly Video Lessons
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people new to trading as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” This idea, he added, served two purposes: 1) keeping track of public data for not just the gurus and students and newsletter writers and secondly) allowing all users to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Profitly Video Lessons
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. It is possible to create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group as well as its gurus. It’s not just a way to show your worth to a group of traders, as you can also use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you may choose to publish your trades, whether verified or not, by taking screenshots. In Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market is an avenue for small-scale businesses to make the transition into a larger market because it gives them access to capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits from their collective years of experience. Timothy Sykes Profitly Video Lessons
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. 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 however, 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. When we take that into account Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
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. At $149.95 monthly, it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated each 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 small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Profitly Video Lessons
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. On top of that you’ll also have access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform has 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.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your hands on what we call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the Novice plan. It is in this plan that you can set up a private profile to share with other associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their trading skills. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders, which could be a problem for those who are looking forward to this tier. Timothy Sykes Profitly Video Lessons
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month which includes an additional 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you can see it across social and messaging platforms as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. Some may be a laid-back person who is less active, while another may be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and their members. Additionally, they can select from the products from its online store that they can take with them wherever they may go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at managing trading however, experienced traders know how it works along with the risky mix that it carries. It is ideal to make use of Profit.ly’s array of features to their full advantage to improve their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Profitly Video Lessons
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You’ll receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you should have an open mind. Timothy Sykes Profitly Video Lessons
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck may discover Profit.ly’s range of resources helpful as they do their best to incur lesser loss and perform better than they did before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become more successful in trading and would like to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Profitly Video Lessons
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade category on the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
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 chance that it is verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.