Stock trading is an extremely risky game. On some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to return to where you were at your peak. If you’re constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve identified a platform that can support you in your growth within the field. This review will be taking the time to look at Profit.ly A well-respected 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.
Total Rating: 4.1/5 Timothy Sykes Student Portal
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features such as trade verification, chat rooms 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 those 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. Providing users with a wide range of resources to facilitate trade and communication that help traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance 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 trades are valid and won’t allow for fraud as much as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” The idea, he added, served two objectives: one) making public records for everyone, not just the experts and newsletter writers and students, and 2) allowing everyone on the platform to learn from both losses and wins to benefit the industry of trading. Timothy Sykes Student Portal
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared towards achieving success. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into their performance as a trading group and its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account you may opt to post your trades, verified or not, via screenshots. 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 connect with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an opportunity for small companies to move into a larger market because it gives them access to funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have made substantial amounts of money through their years of experience. Timothy Sykes Student Portal
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 most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: the 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 packages 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. At $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Student Portal
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s break down 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 just beginning their journey to the world of trading. As you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You can’t create a private account, making your actions public. If you’re looking to have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their trading skills. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats this could be a problem for those who are looking forward to this tier. Timothy Sykes Student Portal
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, with an additional 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the chance to create a private profile. Both of these options, in addition to the benefits that you can use to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few other services they provide. One of these is its online store, which allows users to select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a real-time area where experts and members trade 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. One might be laid back and rarely active, while another might be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational materials available across 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 select from the products on its store online that they can take with them wherever they travel. 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 amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as adept at handling trading matters, the pros already understand how it works along with the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to improve their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints 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 fun! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Timothy Sykes Student Portal
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for every person
- Profit.ly’s numerous packages and products offered may not be enough for most of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Timothy Sykes Student Portal
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck could find Profit.ly’s range of resources helpful when they try their best to avoid loss and perform better than before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Student Portal
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard which lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from colleagues. A large number of downvotes could result in you appearing on 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 to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities all over the world.