The stock market can be an exciting game with high stakes. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing 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 world, which is why we’ve discovered an option that can help you in your growth in the industry. In this review, we’ll be taking the time to look at Profit.ly A well-respected 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 Stock Picks
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be informed, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders new to trading and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was based “on showing every trade, something that has never been previously done.” The idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students and secondly) giving all users to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Stock Picks
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed towards achieving success. You may set up an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to prove value to a large group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may choose to publish your trades, whether verified or not, via screenshots. Also included in Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, as well as email and text alerts 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 the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small businesses to transition to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made significant amounts of profit from their collective years of knowledge. Timothy Sykes Stock Picks
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field within the world of trading. Some of the most famous 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 as well as 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
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 be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app 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. At $149.95 for a month this is a great option for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes alerts for swing trading and access to an extensive library of over 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 name “Superman,” is a trader who has an eye for 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 total trading earnings. Timothy Sykes Stock Picks
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
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 help you started. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone 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 get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their skills in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics this could be a disadvantage for some who may be looking forward to this tier. Timothy Sykes Stock Picks
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, with a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all options of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating an individual profile. Both of these options, in addition to 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 plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, where customers can select from a variety of video products created to provide guidance on the ins and outs 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 the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly it’s seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One might be laid back and not very often active, while another might be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. Additionally, they can choose from the items on its store online that they can take with them wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know the way it functions and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s array of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Stock Picks
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its users
- Since traders can choose to post any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you need to have an open mind. Timothy Sykes Stock Picks
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s range of resources to be helpful when they try their best to avoid loss and perform better than before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Stock Picks
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the “My Trade’ category of the dashboard. It lets you post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is the chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and on 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 currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
