Covestor Tim Sykes

profitly-review

Stock exchanges can be intimidating. The idea of earning in this manner can get confusing. It can lead to questions popping up such as ‘How do I start?’ or ‘Which investment should I choose?’ You can look at advice online, but can these sources be factual or trustworthy?

Don’t worry, Profit.ly might be what you need.

profitly-logo

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.

What is Profit.ly? Covestor Tim Sykes

Profit.ly is an online platform that connects you with financial experts who can teach you all about the stock exchange. It offers sessions with them designed to make sure you make the most out of your investments and decisions and make them benefit you in the long run.

They are able to teach you their strategies and share their experiences that they have accumulated over the years to equip you with what you need to know and encounter. Participants will be able interact with each other.

You can also view the leaderboard to see which trades have been most highly rated during that time period. You can also participate.

The platform was founded by Tim Sykes and Michael Mosseri.

Tim’s vision was to help novice and new investors gain more insight, and avoid the same mistakes he made in his early years of investing. Michael is the co-founder responsible for building the program.

This program will provide you with information about the legitimacy of the gurus you’ll see. Profit.ly guarantees transparency by checking trades to verify that they are legitimate. This allows you to be sure you’re getting the best value for your money when you sign up for the program.

Subscription/Plans

Profiy.ly is a subscription-based program. To continue using the program, you will need to pay monthly. You have the option to choose three subscription plans (Novice, Trader and Pro).

Novice

This is the lowest level membership plan. This membership plan allows you to join the online community and gain access to a lot of features.

You can view the stats and trades for other users, as well as interact by commenting. You are also given the opportunity of participating in the leaderboard challenges.

This plan has some limitations. One limitation is your ability to participate in the online community. Another limitation is the inability to make your profile anonymous, so that your activities are visible to the entire online community. Covestor Tim Sykes

Cost per month: $20.95

Trader

The next plan offers all the benefits found in the previous one.

The one exception is being unable to view other trader’s stats. The tradeoff to this however is that you are now able to create a private profile.

If you are someone who values online privacy or do not wish for others to see your trade stats, then this option can very well be beneficial for you.

Cost per month: $49.95Covestor Tim Sykes

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Pro

With this being the last and most expensive plan out of the three, this plan has all the features and benefits.

Now you are able to view the stats of other traders as well as create a private profile.

Cost per month; $74.95

Free Account?

You might now be wondering if there is a free plan. You are in luck, because you can use your account free of charge.

After you sign up, you’ll be able to access the following features:

  • Importing Trade
  • View your account statistics
  • Check out your ranking
  • Access to community posts

As you can see, the features of a free account are limiting. To fully use the program, it is recommended that you upgrade at least to a novice plan.

Even with this limitation, this is definitely still a valid option, especially if you are just starting out with the stock exchange.

Novice Trader Pro
Verify trades x x x
Profits from tracks x x x
Comment on trades x x x
Join the leaderboards x x x
Lead and follow traders x x x
Message other traders x x x
Sort and filter traders x x x
Analyze personal trades x x x
See the stats of others x x
Private profile x x

Subscribe to Gurus

Once you have subscribed, you are now able to make an account and connect with aforementioned gurus. Subscribing to gurus usually comes with a fee in order to access their chat rooms. Not to worry, as these gurus are credible based on Profit.ly’s trade verification so you are able to see whether their trades further prove their legitimacy.

There are many gurus that you can subscribe to, but three that are worth noting are Tim Sykes, Paul Scolardi and Matthew.

Tim Sykes

Tim Sykes, the founder of this company, is the first person you’ll meet. Once you see his figures, you’ll be astonished to find out that they set comfortably around +$4.7million.

Tim Alerts is the first tier of his package plan. You will get instant access to chatrooms as well as 5-10 stock watchlists that are updated daily.

trading-stocks

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The premium option of his package plan is Pennystock silver, which runs about $149.95. You will be able to enjoy the benefits of TIm’s Alerts and also video lessons from him.

To prove the legitimacy of his package, his own reputation is not only something to be amazed. Once his students started taking in his lessons, they have made a total $16 million altogether.

Superman

Paul Scolardi stats say that his trades yield about +3.7 million in profit. His selling point is his intuition when it comes to which stock to purchase. He makes it a point to pick up on a stock’s potential before anyone else.

Superman Alerts is his first package. By paying $149.95 per month, you will be given access to chatrooms, premarket stock watchlist.

Superman Pro, just like Tim Sykes’ Pennystock package, offers all the benefits but also includes

  • Videos
  • Premium search reports
  • Earnings tracker
  • IPO tracker

Triforce

Michael, or Triforce, is the last guru I will mention. Triforce, like the others, has a strong record that can help boost his reputation.

The first package, Triforce Trader, costs $99.95 per month. With it, you are granted:

  • Chat rooms Triforce
  • Daily market commentary
  • Stock trades
  • Future trades
  • Macro plays

Triforce Premium offers the benefits of Trader as well as investor indicators and active trader indicators. The cost for this package is a monthly payment of $197.

All Thoughts

Profit.ly should not be viewed as a quick way to get rich. This is a website that shows you the world of stock exchange, teaches you the basics as well as useful techniques handed down by credible masters that can benefit you in your own trades.

The price tag is the only thing that is a problem with this website. It can be daunting to pay a high monthly fee for any package. There is always the possibility of something happening. Whether or not your progress is deemed successful is not guaranteed. Covestor Tim Sykes

Trading may not be for everyone. It can be difficult for those who decide to participate.

To those who choose to partake in it, the website can assure you that you are getting your money’s worth. Its reputation is based on the positive track record of its gurus and the transparency system.

Looking to get into the stock trade, then Profit.ly is a great way to build your confidence in buying stock and having a great payoff. Learn from the best and create those figures today.

using-computer

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Frequently Asked Questions 

Covestor Tim Sykes

Is this legit?

Despite all the above, there are still doubts. Profiy.ly can however assure you that the service is legitimate and reliable.

The idea of putting a transparency system ensures that legit traders and gurus are present. Since you can see their stats you will be able assess their reputation. This will help you make a decision about which guru to learn from.

Who is this for?

Stock trading can be described as a niche community that is not well-known to the general population. The activity can be a bit of a niche. If you are someone who has an appreciation for this niche and wish to either make a name for yourself or just enjoy doing it, then this is definitely for you.

Which plan is good for me?

The three options available will vary depending on your goals and what you are looking to achieve.

If you aspire to make the most out of the website and your experience with the stock trade, then the premium will be the best choice. You may be frustrated that novices cannot create a profile. As for the trader, you won’t be able to view the stats of others.

If you feel the need to have both, then premium offers all the benefits present.

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