Stock trading is a high-stakes game. On some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it could be extremely difficult to return to the point you were at your best. If you’re constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve found an online platform that will help you to improve your performance within the field. This review will be taking a 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.
Overall Rating: 4.1/5 Timothy Sykes Story
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders new to trading as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” This idea, he added, served two goals: 1.) making public records for all traders, not just the gurus as well as newsletter authors and students and secondly) making it possible for anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Story
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. You may set up an account on the site at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to demonstrate your worth to a community of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you may decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to interact with your experts via chatrooms as well as 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, a penny stock is a small business’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their collective years of expertise. Timothy Sykes Story
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: 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 an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Story
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also gain access to premium research reports and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading 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 that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in get an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package 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 to share with other associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Story
This is by far the most premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, which includes 22% off when billed annually This plan offers everything. You get full, no-holds-barred access to all the features of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few more services it has to offer. One of them is the online store, where customers can choose from a wide array of video products created to guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You may be familiar with the chat room since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on space where experts and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members. One of them may be more 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 the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they be. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to the newcomers. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Timothy Sykes Story
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You will receive excellent training and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them will profit by cherry-picking the best trades to increase the rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the number of 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 an answer to this question, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, you need to have curiosity. Timothy Sykes Story
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s array of resources useful when they try their best to reduce losses and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be a better trader and want to learn from your peers and experts on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Timothy Sykes Story
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the My Trade’ category of the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.