The stock market can be a high-stakes game. On some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to get back to the point you were at your most productive. If you find yourself immersed in the water, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement within the field. This review will be taking 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 Short Sell
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 enables traders of all levels to be informative and accountable, as well as transparent and encouraging each other through its broad array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people new to trading and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas that the site. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” This idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter authors and students as well as) allowing everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Timothy Sykes Short Sell
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared at achieving achievement. You can create an account there at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking 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 deals, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community and its gurus. It’s not only a chance to prove your worth to a group of traders, as you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile and other methods to connect 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 has been famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access money 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 thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as a trader. 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 series “Wall Street Warriors.” He took advantage of it to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency, 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 sweet inclusions is the wide range of learning 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 substantial profits from their collective years of expertise. Timothy Sykes Short Sell
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the prominent experts 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A single purchase of 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 and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Short Sell
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed to this plan you’ll be provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re interested in gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. This plan allows that you are able to create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders, which might be a drawback for some who may be anticipating this level. Timothy Sykes Short Sell
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. With $74.95 each month with an additional 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all options of the prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few other services they provide. One of these is its online store, which lets users choose from a wide array of video products designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time space where experts and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. Some may be laid back and less active, while another may be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to experienced professionals. With the variety of deals it can provide it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and members. Additionally, they can select from the products 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 amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suited to them as the newcomers. While novice traders may not be as proficient in handling trading matters however, experienced traders know how it works along with the plethora of risks associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to develop their trading skills. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! 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 skills to others as a way to help navigate them through the ever-changing trading process. Timothy Sykes Short Sell
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s numerous packages and products offered may be too much for a lot of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of the answer, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, you need to have an open mind. Timothy Sykes Short Sell
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources to be helpful in their efforts to avoid loss and perform better than before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you really desire to be a better trader and want to learn from your peers and experts along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Timothy Sykes Short Sell
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the My Trade category on the dashboard. It lets you post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is evident by 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 be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
