The stock market can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you find yourself always in the mud, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve discovered an option that can help you in your improvement in the market. This review will take a look at Profit.ly is a well-known 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 Review Trading
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative responsible, transparent, and encouraging each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for traders new to trading and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” This idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus, but also the newsletter writers and students and secondly) making it possible for anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Review Trading
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared toward achievement. You can create an account on the site for free, but you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to show that you’re worthy to the community of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility 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 photographs. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile and other methods to interact with your experts 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 trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. The penny stock market is an avenue for small-scale businesses to make the transition into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. At 25 years old, he had been given more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money through their years of experience. Timothy Sykes Review Trading
At its height, 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 experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and 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 most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans including alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for 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 trading earnings. Timothy Sykes Review Trading
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
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 offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you’re interested in have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use a majority of features from The Novice package. In this plan, that you can set up a private profile to share with other associates all your insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their skills in trading. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders, which could be a problem for those who are looking forward to this tier. Timothy Sykes Review Trading
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, with a 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and clips 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 range of services and features. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. One might be a laid-back person who is not very often engaged, while another could be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room tips from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store that they can take with them wherever they may be. You can also get hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand how it works and the risky mix associated with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to improve their skills in trading. 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 an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Review Trading
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its users
- If traders decide to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, it is best to keep an open mind. Timothy Sykes Review Trading
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s array of resources useful in their efforts to incur lesser losses and be more successful than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Review Trading
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades within the “My Trade’ category of the dashboard. It lets you post your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your fellow peers. 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 fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.
