Stock trading is a high-stakes game. Some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to the point you were at your best. If you find yourself always in the mud You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your growth within the field. In this review, we’ll take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Wil I Have To Pay For Profitly And Timothy Sykes
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative responsible, transparent, and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that has never been prior to.” This idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter writers and students as well as) making it possible for all users to gain insight into both losses and wins to benefit the industry of trading. Wil I Have To Pay For Profitly And Timothy Sykes
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared at achieving the success of their business. You may set up an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account, and you’ll be given a chance to shoot your way up to high on 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 as well as its gurus. It’s not just a way to demonstrate that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, you can opt to post your trades, verified or not, by taking pictures. In Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, in addition to email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for under $5 for each share. Penny stock trading can be seen as an avenue for small companies to move to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as a trader. At the age of 25, he had been given more exposure and a wider influence over time when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have made substantial profits through their years of experience. Wil I Have To Pay For Profitly And Timothy Sykes
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the most 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 the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, as well as 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 package. At $149.95 per month, this is a great option for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Wil I Have To Pay For Profitly And Timothy Sykes
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile application, daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also have access to premium research reports and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of many of the features of The Novice package. It is in this plan that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats, which might be a drawback for those who are eager to try this new tier. Wil I Have To Pay For Profitly And Timothy Sykes
This is by far the most luxurious package Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all options of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create an individual profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few other services they offer. One of these is its online store, where customers can pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a space where experts and their members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be a laid-back person who is less engaged, while another could be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room tips by its internal gurus and members. Additionally, they can choose from the items on its store online for them to take wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as well-equipped with managing trading but the experts already know how it works and the risky mix that come with it. It is ideal to use Profit.ly’s variety of features to their best advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Wil I Have To Pay For Profitly And Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and insights from its 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 with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you should have an open mind. Wil I Have To Pay For Profitly And Timothy Sykes
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s variety of resources useful when they try their best to incur lesser losses and perform better than they did before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you truly care about being a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Wil I Have To Pay For Profitly And Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the My Trade section of the dashboard which lets you record your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.