Stock trading is an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be very difficult to get back to where you were at your best. If you find yourself immersed in the water it is important to realize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you in your growth in the market. In this review, we’ll take the time to look at Profit.ly, a well-recognized one-stop 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Strategy Review
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 various levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are starting out and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” This idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter writers and students as well as) giving all users to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Strategy Review
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. You may set up an account on the site for free, but you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not just a way to show value to a group of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile, and more ways to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial profits from their combined years of expertise. Timothy Sykes Strategy Review
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict 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 app that’s available for iOS and Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Strategy Review
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. Once you have signed up for this package, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make 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. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. It is in this plan that you can set up an account that is private to share with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their expertise in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ stats this could be a disadvantage for those eager to try this new tier. Timothy Sykes Strategy Review
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, and 22% off for billing annually This plan offers it all. You get full, no-holds-barred 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 chance to create an individual profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, where customers can choose from a wide array of video products designed to inform and provide guidance on 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 the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You are 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’s seen as a real-time space where experts and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members. One might be more laid back and rarely active, while another might be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can choose from the items in its online store for them to take wherever they be. They can also gain hands-on experiences from trading within the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in managing trading however, experienced traders know how it works and the risky mix associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Timothy Sykes Strategy Review
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, it is best to keep curiosity. Timothy Sykes Strategy Review
What we mean”yes” is it can be a great learning tool. People who are stuck might find Profit.ly’s variety of resources useful as they do their best to reduce losses and be more successful than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Strategy Review
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the My Trade category on the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile app 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 app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities all over the world.
