Stock trading can be an extremely risky game. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be extremely difficult to get back to the point you were at your best. If you are constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need 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 market. In this review, we’ll be taking a look at Profit.ly, a well-recognized one-stop 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.
Overall Rating: 4.1/5 Timothy Sykes Sales
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed, transparent, accountable, and uplifting with each other by offering a wide range of features and tools like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people new to trading and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade and letting traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not accept fake news as long as it is possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Timothy Sykes Sales
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared toward achievement. You can create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and skills, join your brokerage account, and you have yourself a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not just a way to show that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can decide to share your trades, verified or otherwise, through pictures. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an opportunity for small companies to move to a market that is larger as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for 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 vast array of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have earned significant amounts of profit from their combined years of knowledge. Timothy Sykes Sales
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices; text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Sales
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even texting other 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 other’s stats.
The Novice plan is $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. This plan allows that you can create a private profile for sharing with fellow associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ stats that could be a problem for those eager to try this new tier. Timothy Sykes Sales
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. With $74.95 monthly, which includes an additional 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all the features from the two previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number 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 that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You’re probably familiar with the chat room since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be more laid back and less engaged, while another could be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout 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. They’ll also be able select from the products from its online store for them to take wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we see Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as adept at managing trading, the pros already understand how it works and the risky mix that it carries. Ideally, they may use Profit.ly’s range of features to their best advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Timothy Sykes Sales
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform 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 individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Sales
What we do mean by ‘yes’ is that it could be a useful 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 before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your mentors and peers along the way, then look no further – Profit.ly could be a good choice to start.
FAQ Timothy Sykes Sales
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the ‘My Trade category on the dashboard that lets you record your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.
