Stock trading is a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to the point you were at your best. If you’re always in the mud You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your growth in the market. In this review, we’ll be taking an in-depth 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. 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 Trading Hot Stocks
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed responsible, transparent, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for traders who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” This idea, he added, served two objectives: one) creating public track records for everyone, not just the experts 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 Trading Hot Stocks
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared toward achievement. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not only a chance to demonstrate value to a community of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you can choose to publish your trades, either verified or not, via screenshots. In Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus via chatrooms along with 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 is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading can be seen as a stepping stone for small businesses to transition to a large marketplace as they can access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trading professional. At 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.” He made use of the show 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 helped to establish Profit.ly as a place of transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit through their years of knowledge. Timothy Sykes Trading Hot Stocks
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the 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 take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, this is a great option for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Trading Hot Stocks
The Superman Alerts plan is an package of vital features and trading alerts 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 as well as the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice program is the capability to check trades and track profits; leading, following and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their trading skills. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics this might be a drawback for those who are looking forward to this tier. Timothy Sykes Trading Hot Stocks
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating your own private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to pick from a range of video products designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You may be familiar with the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. Some may be more laid back and rarely engaged, while another could be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works and the stack full of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Trading Hot Stocks
Profit.ly’s Pros and Cons
The Pros
- 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 advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and 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 authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to post any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of the answer, it’s yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used in this way. Instead, you need to have curiosity. Timothy Sykes Trading Hot Stocks
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s range of resources to be helpful in their efforts to avoid losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Trading Hot Stocks
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard. It lets you post your trades, verifiable or not. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities all over the world.
