Stock trading is an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to the point you were at your most productive. If you are immersed in the water You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve discovered a platform that can support you in your improvement within the field. This review will be taking a look at Profit.ly is a well-known 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. 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 System
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative and accountable, as well as transparent and uplifting with each other through its broad array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been previously done.” This idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students as well as) allowing everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes System
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared at achieving success. You may set up an account on the site for free, but you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at how the community of traders performs and its experts. You’re not just allowed to demonstrate your worth to a group of traders. You can also use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can choose to publish your trades, verified or not, via pictures. In Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading is an opportunity for small companies to move to a large marketplace as it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about 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 most appealing features is the wide range of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have earned substantial amounts of money from their combined years of knowledge. Timothy Sykes System
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: the 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 can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes System
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready 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, each designed for traders at different levels. Let’s break down what these three levels are and what 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. When you sign to this plan you’ll be given a slew of robust and essential trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in gain access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can create an account that is private for sharing with fellow associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to improve their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for those eager to try this new tier. Timothy Sykes System
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 each month which includes an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all features from the two previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create an individual profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of those is its online store, which lets users select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about 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 chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. Some may be laid back and not very often engaged, while another could be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room tips by its internal gurus and members. Additionally, they can choose from the items in its online store for them to take wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in managing trading however, experienced traders know how it works along with the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes System
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s numerous packages and products offered may be too much for most of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately 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 would be yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you should have an open mind. Timothy Sykes System
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s range of resources helpful when they try their best to reduce losses and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes System
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, 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 opportunities in the stock market all over the world.