Stock trading is an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve found an option that can help you to improve your performance in the market. We’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Reddit
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed responsible, transparent, and to build relationships with each other through its broad array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions 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 through the use of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” The idea was, he said, serving two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students and secondly) allowing anyone on the platform to learn from the losses and wins to benefit the industry of trading. Timothy Sykes Reddit
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared at achieving the success of their business. You can create an account for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom along with 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 is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as a stepping stone for small companies to move into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. At the age of 25 Sykes was given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial profits from their combined years of knowledge. Timothy Sykes Reddit
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this platform: 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 what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase in 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, texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, such as alerts for swing trading and access to a 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 is known under 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. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Reddit
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also have the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you do want to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. In this plan, that you can create an account that is private to share with other associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their expertise in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Reddit
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, and 22% off when billed annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create an individual profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few other services they offer. One of those is its online store, which allows users to select from a variety of video products that are designed to educate and guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. One might be a laid-back person who is rarely active, while another may be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. With the variety of deals it offers it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. They will also 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 on its store online for them to take wherever they go. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that this is a risky game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Reddit
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its customers
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to boost their rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds because the premium customers are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed for this reason. Instead, you should have curiosity. Timothy Sykes Reddit
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s range of resources to be helpful as they do their best to reduce losses and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become more successful in trading and would like to be taught by your mentors and peers along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Reddit
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the “My Trade section of the dashboard. It lets you post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell 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 evident by the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.
