Stock trading is an extremely risky game. Some days, you could have the benefit of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to where you were at your best. If you’re immersed in the water it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve found an option that can help you in your growth in the industry. In this review, we’ll be taking the time to look at Profit.ly A well-respected all-in-one 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 Training Reddit
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar like Facebook and Reddit but with a focus on experts 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 honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” The idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts, but also the newsletter authors and students as well as) giving anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Timothy Sykes Training Reddit
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. You can create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its experts. You’re not just allowed to show your worth to a group of traders. You can also use Profit.ly to purchase with a professional 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, whether verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile and other methods to communicate with your gurus through the chatroom as well as notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because 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 because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of 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 most appealing features is the variety of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial profits through their years of knowledge. Timothy Sykes Training Reddit
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for 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 most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Training Reddit
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign up for this package, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You can’t create a private account, making your activities publicly available. If you do want to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their trading skills. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ stats this could be a disadvantage for some who may be eager to try this new tier. Timothy Sykes Training Reddit
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, with an additional 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all the features from the two prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create a private profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of other services they provide. One of those is its online store, where customers can choose from a wide array of video products designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You’re probably familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. Some may be a laid-back person who is rarely active, while another might be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that the process is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as adept at managing trading but the experts already know how it works along with the stack full of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Timothy Sykes Training Reddit
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 will be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the number of features the platform is able to provide
The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, it is best to keep an open mind. Timothy Sykes Training Reddit
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck might discover Profit.ly’s range of resources helpful when they try their best to avoid losses and perform better than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Training Reddit
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the “My Trade’ category of the dashboard which allows you to post your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you upload it manually or through images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities all over the world.