The stock market can be an extremely risky game. On some days, you could have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were at your most productive. If you’re constantly stuck in the gutter You will need to realize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around 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 is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timoty Sykes Profitly
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and encouraging one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are starting out as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines that the site. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter writers and students and secondly) giving all users to learn from both losses and wins to the benefit of the trading industry. Timoty Sykes Profitly
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared toward achievement. It is possible to create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its experts. It’s not only a chance to show your worth to a group of traders. You can also use Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile and other methods to communicate with your gurus through the chatroom 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 trader who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small businesses to transition into a larger market because it allows them to access money from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trader. At the age of 25, he had been given more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He used the opportunity to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned substantial profits through their years of expertise. Timoty Sykes Profitly
At its height, Profit.ly had housed up to five gurus, each of them a professional 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 a few others. As of this writing, only two gurus remain on this platform: 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’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own 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, as well as text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timoty Sykes Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. In addition you’ll also have 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 eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this package you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re looking to have an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to take advantage of many of the features of the Novice plan. In this plan, that you can create an account that is private to share with fellow associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their skills in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able view the statistics of other traders that could be a problem for those who are eager to try this new tier. Timoty Sykes Profitly
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, and an additional 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of more services it has to provide. One of those is its online store, where customers can select from a variety of video products that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a area where experts and members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. Some may be more laid back and rarely active, while another may be more active and in touch to their pupils. Consider chat rooms like 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 the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. Additionally, they can select from the products from its online store that they can take with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as adept at managing trading but the experts already know how it works along with the plethora of risks that it carries. It is ideal to utilize Profit.ly’s array of features to their full advantage to improve their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Timoty Sykes Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- As traders may opt to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, it is best to keep curiosity. Timoty Sykes Profitly
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck might discover Profit.ly’s range of resources to be helpful in their efforts to incur lesser loss and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being a better trader and want to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timoty Sykes Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade’ category of the dashboard which lets you record your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are connected to 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 assist each other to learn and improve in acquiring stock market opportunities both right and left.