Stock trading is an extremely risky game. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were your peak. If you’re immersed in the water, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require 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 growth in the market. In this review, we’ll be taking a look at Profit.ly A well-respected 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. 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 Small Accounts Investing
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 permits traders of different levels to be informative and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those new to trading and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been prior to.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus, but also the newsletter writers and students, and 2) making it possible for all users to be enlightened by both the wins and losses to the benefit of the trading industry. Timothy Sykes Small Accounts Investing
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. You may set up an account at no cost, however you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account, and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group as well as its experts. It’s not just a way to show your worth to a community of traders. You can also utilize Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you feel uneasy with the concept of leaking the details of your broker account then you could opt to post your trades, verified or not, via screenshots. Also included in Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. Penny stock trading is a stepping stone for small businesses to transition to a market that is larger as it allows them to access money from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At 25 years old Tim Sykes had received more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made significant amounts of profit from their collective years of knowledge. Timothy Sykes Small Accounts Investing
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, 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. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for 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 that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “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 Small Accounts Investing
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also gain an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign up for this package, you will be immediately given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study, 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, there is a downside. You can’t create a private account, making your actions public. If you’re interested in gain an account with this option, 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 take advantage of many of the features of the novice plan. In this plan, that you can set up a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their skills in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to see the statistics of other traders, which might be a drawback for those who are eager to try this new tier. Timothy Sykes Small Accounts Investing
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month and 22% off when billed annually, this tier has everything. You get full, no-holds-barred access to all options of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating an individual profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, which lets users pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also 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 array of services and features. You’re probably familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a place where gurus 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 members. Some may be a laid-back person who is rarely active, while another may be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to them as those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand how it works along with 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 skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Timothy Sykes Small Accounts Investing
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, you should have curiosity. Timothy Sykes Small Accounts Investing
What we mean”yes” is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become a better trader and want to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Small Accounts Investing
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade’ category of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.
