Stock trading can be a high-stakes game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it can be very difficult to return to the point you were at your peak. If you are constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve found an online platform that will help you in your growth in the market. We’ll be taking 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.
Total Rating: 4.1/5 Timothy Sykes Watchlist Review
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t allow for fraud as much as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was based “on the transparency of all trades, something that was never done before.” The concept Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus as well as students and newsletter writers, and 2) allowing everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes Watchlist Review
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range 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 interested in investing your money in order to find out what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group and its experts. You’re not just allowed to show that you’re worthy to the group of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you can choose to publish your trades, either verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile and other methods to interact with your experts in the chatroom, as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an avenue for small businesses to transition into a larger market because they can access funds from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of 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 wide range of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their combined years of experience. Timothy Sykes Watchlist Review
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: Founder and 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 the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices, texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, including alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Timothy Sykes Watchlist Review
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. As you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package allows you to take advantage of many of the features of The Novice package. This plan allows that you can create an account that is private to share with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their skills in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you will not be able view other traders’ stats this might be a drawback for those looking forward to this tier. Timothy Sykes Watchlist Review
This is by far the highest premium package that Profit.ly can offer to experienced traders. At $74.95 per month, which includes 22% off for annual billing, this tier has it all. It gives you full, unlimited access to all options of the previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which allows users to select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you will see it on 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 hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One might be laid back and rarely engaged, while another could be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able to choose from the items from its online store that they can take with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works and the risky mix that come with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to improve their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Watchlist Review
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- As traders may opt to make any type of trade, there is an opportunity that some them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have an open mind. Timothy Sykes Watchlist Review
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s range of resources helpful when they try their best to avoid losses and perform better than before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Watchlist Review
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades within the “My Trade section of the dashboard that lets you post your trades, verifiable or not. There are three choices:
- Linking your account with your broker of choice and import the trades from that directly
- 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 through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities left and right.