Stock trading can be an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your best. If you’re always in the mud You will need be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring losses 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 fellow traders from around the globe, which is why we’ve identified an option that can help you in your growth within the field. In this review, we’ll take a 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. 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 Video Lessons
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of different levels to be informed responsible, transparent, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those who are starting out as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner 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 established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” This idea, he added, served two objectives: one) keeping track of public data for not just the gurus, but also the newsletter authors and students as well as) allowing everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Timothy Sykes Video Lessons
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed at achieving achievement. It is possible to create an account at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities 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 sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Making an account simple: Create an account with your experience and skills, join to your brokerage account and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of how the community of traders performs and its experts. It’s not just a way to demonstrate that you’re worthy to the group of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small companies to move to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, 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 substantial profits through their years of expertise. Timothy Sykes Video Lessons
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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate 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 to iOS as well as 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 that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month it is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes alerts for swing trading and access to a 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 swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Video Lessons
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. When you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you do want to have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. This plan allows that you are able to create an individual profile that allows you for sharing with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to develop their trading skills. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics that might be a drawback for those who are eager to try this new tier. Timothy Sykes Video Lessons
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 per month, with a 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all the features from the two previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of them is the online store, which lets users pick from a range of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and footage from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. One might be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they may go. Additionally, they can gain practical experience trading on the platform, however they’ll realize that the process is a risky game that shouldn’t be taken as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to them as 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 risky mix that come with it. It is ideal to utilize Profit.ly’s variety of features to their best advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Video Lessons
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its users
- If traders decide to open any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have curiosity. Timothy Sykes Video Lessons
What we are referring to”yes” is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s range of resources helpful in their efforts to incur lesser losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Video Lessons
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the “My Trade category on the dashboard. It allows you to post your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.
