Stock trading can be an extremely risky game. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your best. If you find yourself immersed in the water You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your growth in the industry. In this review, we’ll be taking a look at Profit.ly is a well-known single-stop social platform to trade!
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 Site
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide array of tools and features including trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website 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 with the help 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 connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never previously done.” This idea was, he said, serving two goals: 1.) making public records for not just the gurus, but also the newsletter writers and students, and 2) making it possible for all users to learn from both the wins and losses to the benefit of the trading industry. Timothy Sykes Stock Site
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared at achieving the success of their business. You can create an account at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to show value to a community of traders. You can also use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could opt to post your trades, verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading classes 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 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 trading personality who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their combined years of knowledge. Timothy Sykes Stock Site
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts and unlimited access to an extensive library of over 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 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. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Stock Site
The Superman Alerts package is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition, you’ll also get access to premium research reports 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 make a mark on the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed to this plan you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions 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 plan allows you to use the majority of features available in The Novice package. This plan allows that you can create a private profile for sharing with fellow associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ statistics that could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Stock Site
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, and an additional 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create a private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to offer. One of them is the online store, where customers can pick from a range of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and clips of The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a hands-on area where experts and members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One of them may be laid back and less active, while another might be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able select from the products on its store online to carry with them wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that this is a high stakes game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works and the stack full of risks associated with it. It is ideal to use Profit.ly’s array of features to their full advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at an equal level with Superman or 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 Site
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You will receive excellent training and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its users
- As traders may opt to open any kind of trade, there is an opportunity that some 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 will not allow refunds because the premium customers are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you should have curiosity. Timothy Sykes Stock Site
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s range of resources to be helpful when they try their best to avoid losses and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly desire to be better at trading and wish to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Stock Site
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the My Trade category on the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users 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 for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are on 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 help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.