Stock trading is an extremely risky game. On certain days, you might enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to return to where you were your best. If you’re constantly stuck in the gutter it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve discovered a platform that can support you to improve your performance in the industry. In this review, we’ll take 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
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable responsible, transparent, and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Consider it an online social media platform similar 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 of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was founded many years ago by penny expert in stock trading 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 based “on the transparency of all trades, something that was never prior to.” This idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts, but also the newsletter authors and students and secondly) making it possible for anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Timothy Sykes Stock
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared toward achievement. It is possible to create an account there for free, but you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and 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.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account and you have yourself a chance to shoot through high on the leaderboard. 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 gurus. You’re not just allowed to demonstrate that you’re worthy to the group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, either verified or not, via photographs. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, along with 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 is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading could be viewed as an opportunity for small companies to move to a large marketplace as they can access money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trader. When he was 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make substantial profits from their combined years of expertise. Timothy Sykes Stock
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this platform: Founder of the penny stock market 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to 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, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month this is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Stock
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign to this plan you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your actions public. If you do want to gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with other associates all your insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics this could be a disadvantage for those who are eager to try this new tier. Timothy Sykes Stock
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 per month, and a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to choose from a wide array of video products created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes of 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 array of features and services. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. Some may be more laid back and not very often active, while another might be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items in its online store to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that the process is a risky game that should not be viewed as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to those who are just starting. While the newbies may not be as adept at handling trading matters, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may use Profit.ly’s array of features to their full advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Timothy Sykes Stock
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you should have the ability to think with an open heart. Timothy Sykes Stock
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s array of resources to be helpful when they try their best to reduce losses and be more successful than they did before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts!
If you truly desire to be more successful in trading and would like to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Stock
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the “My Trade category on the dashboard which allows you to post your trades that are verified or not. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities both right and left.