Stock trading is an extremely risky game. On some days, you might have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to get back to the point you were at your best. If you are constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe, which is why we’ve discovered a platform that can support you in your growth in the market. 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.
Overall Rating: 4.1/5 Timothy Sykes Trading School
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informative and accountable, as well as transparent and encouraging each other through its broad array of tools and features like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Consider it a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and students and newsletter writers and secondly) allowing everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Timothy Sykes Trading School
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving success. You may set up an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offerings, 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 your brokerage account, and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to prove that you’re worthy to the large group of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account and other methods to interact with your experts via chatrooms as well as 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 famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. Penny stock trading can be seen as an avenue for small companies to move to a large marketplace as it allows them to access capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trader. At the age of 25 Tim Sykes had received more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a place for openness, 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 sweet inclusions is the variety of educational resources, 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 earned substantial amounts of money from their collective years of experience. Timothy Sykes Trading School
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, 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 look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Trading School
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package 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 will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use a majority of features from The Novice package. This plan allows that you are able to create an account that is private to share with fellow associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their trading skills. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able view other traders’ statistics this could be a problem for those anticipating this level. Timothy Sykes Trading School
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month which includes an additional 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all options of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these options, plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users pick from a range of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You are probably familiar with the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a space where experts and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products from its online store that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suitable to the newcomers. While the newbies may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of features to their full advantage to develop their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use the power of 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 Trading School
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have curiosity. Timothy Sykes Trading School
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources useful as they do their best to avoid loss and perform better than before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you really want to become better at trading and wish to learn from your mentors and peers on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Trading School
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the “My Trade’ category of the dashboard. It lets you post your trades, either verified or not. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into 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 reputable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
