Stock trading is a high-stakes game. On certain days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it can be very difficult to get back to where you were your most productive. If you’re constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve identified an online platform that will help you to improve your performance within the field. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized single-stop social platform to trade!
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 What Does Timothy Sykes Do
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 enables traders of various levels to be informative, transparent, accountable, and encouraging each other through its broad range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those new to trading and as a hub for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines that the site. Think of it as 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 publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” This idea was, he said, serving two objectives: one) making public records for not just the gurus as well as newsletter writers and students, and 2) making it possible for anyone on the platform to learn from the losses and wins to benefit the industry of trading. What Does Timothy Sykes Do
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared toward success. You may set up an account on the site for free, but 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 looking to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at their performance as a trading group and its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, then you could choose to publish your trades, whether verified or not, via pictures. Included in Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom along with 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 trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money from their combined years of knowledge. What Does Timothy Sykes Do
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 famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this 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 Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
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 monthly, it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in earlier plans which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. What Does Timothy Sykes Do
The Superman Alerts plan is an offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally, you’ll also get an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers, each designed for traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your actions public. If you do want to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use many of the features of the novice plan. It is in this plan that you can set up a private profile to share with other associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats that could be a problem for those who are looking forward to this tier. What Does Timothy Sykes Do
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the options of the previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create a private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of more services it has to offer. One of them is the online store, where customers can select from a variety 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 immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and products from other 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 chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. One of them may be a laid-back person who is not very often active, while another might be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice by its internal gurus and their members. Additionally, they can choose from the items from its online store to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as adept at managing trading but the experts already know how it works along with the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. What Does Timothy Sykes Do
Profit.ly’s Pros and Cons
The Pros
- 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 be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its users
- As traders may opt to make any type of trade, there is an opportunity that some them will profit by cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, it is best to keep curiosity. What Does Timothy Sykes Do
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources useful in their efforts to incur lesser loss and perform better than before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ What Does Timothy Sykes Do
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard that lets you record your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s an excellent 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 pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are 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 on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market all over the world.
