The stock market can be an extremely risky game. Some days, you may be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it could be extremely difficult to return to the point you were at your best. If you are constantly stuck in the gutter You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Timothy Sykes Reviews
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed responsible, transparent, and to build relationships with each other through its broad array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those new to trading as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for trade and communication that help traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was based “on showing every trade, something that was never prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for not just the gurus and students and newsletter writers and secondly) making it possible for anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Timothy Sykes Reviews
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed at achieving success. It is possible to create an account there for free, but you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
Making an account easy: create an account with your experience and skills, join your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give 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 large group of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through photographs. Included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through 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 guru who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks is an opportunity for small businesses to transition to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial 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 trader. At the age of 25 Sykes was given more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their combined years of expertise. Timothy Sykes Reviews
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is 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 most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, 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, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
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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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Reviews
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re looking to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. This plan allows that you can set up a private profile to share with other associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able view other traders’ statistics, which could be a problem for those who are looking forward to this tier. Timothy Sykes Reviews
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, and an additional 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all options of the previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of those is its online store, which allows users to select from a variety of videos created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and scenes from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a hands-on area where experts and members can interact 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. Some may be a laid-back person who is less active, while another might be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of a forum, in the 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 traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products from its online store that they can take with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that the process 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 road, we consider Profit.ly equally suited to the newcomers. While novice traders may not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s array of features to their full advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Timothy Sykes Reviews
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you need to have curiosity. Timothy Sykes Reviews
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really want to become more successful in trading and would like to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Reviews
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the ‘My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.