The stock market can be a high-stakes game. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to where you were your best. If you are immersed in the water You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you to improve your performance in the industry. In this review, we’ll take a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Stock Watchlsit
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informed and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are starting out as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” The idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students, and 2) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Timothy Sykes Stock Watchlsit
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared at achieving success. You may set up an account on the site for free, but you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not only a chance to demonstrate your worth to a group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could decide to share your trades, whether verified or otherwise, through photographs. In Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus via chatrooms 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 trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move into a larger market because they can access money from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their collective years of experience. Timothy Sykes Stock Watchlsit
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the 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, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, including alerts for swing trading and access to a rich library of over 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 name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Stock Watchlsit
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “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 the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the industry, 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 of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign to this plan you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you do want to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their skills in trading. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats this could be a problem for those who are eager to try this new tier. Timothy Sykes Stock Watchlsit
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month and a 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of other services they provide. One of those is its online store, which lets users select from a variety of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You may be familiar with the chat room as you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a real-time area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be laid back and not very often active, while another may be more active and in touch with their students. Think of the chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice from the in-house experts and their members. They’ll also be able to choose from the items from its online store that they can take with them wherever they may be. They can also gain hands-on experience trading on the platform, however, they will soon learn that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suitable to those who are just starting. Although the novices might not be as adept at dealing with trading issues, the pros already understand how it works and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s range of features to their full advantage to enhance their skills in trading. As beginners, they are able to study from the gurus 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. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Timothy Sykes Stock Watchlsit
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading 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 can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its users
- If traders decide to make any type of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many services the platform has to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Stock Watchlsit
What we do mean”yes” is it can be a great learning tool. People who are stuck might find Profit.ly’s range of resources helpful when they try their best to reduce losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to learn from your mentors and peers on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Stock Watchlsit
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades within the My Trade’ category of the dashboard which lets you record your trades, either verified or not. There are three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.
