Stock trading can be an extremely risky game. On some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to return to the point you were at your best. If you’re constantly stuck in the gutter it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve found an option that can help you in your improvement in the industry. In this review, we’ll be taking a look at Profit.ly is a well-known 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 Penny Stocj Tim Sykes
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those who are starting out as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts as well as newsletter authors and students and secondly) allowing everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Penny Stocj Tim Sykes
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving achievement. You may set up an account on the site for free, but you’re only given the capability to browse the leaderboard and observe 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 it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and skills, join 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 we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to show your worth to a group of traders, as 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 veracity of their assertions.
If you are unsure about the concept of leaking your brokerage account, you may opt to post your trades, whether verified or not, via pictures. Also included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom in addition to 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 has been famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an avenue for small companies to move to a market that is larger as it gives them access to capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial profits from their combined years of experience. Penny Stocj Tim Sykes
At its peak, 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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, which includes alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stocj Tim Sykes
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan is $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 personal information public. If you’re interested in get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of The Novice package. In this plan, that you can create a private profile for sharing with fellow associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their expertise 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 view other traders’ statistics that could be a problem for those eager to try this new tier. Penny Stocj Tim Sykes
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, and 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features from the two prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, which allows users to pick from a range of video products created to guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and footage of The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You may be familiar with chat rooms since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One might be a laid-back person who is not very often engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, however, they will soon learn that the process is a risky game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as adept at managing trading however, experienced traders know how it works and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to develop their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Penny Stocj Tim Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse 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’ll receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Penny Stocj Tim Sykes
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s array of resources helpful in their efforts to incur lesser losses and be more successful than before. Not only struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Penny Stocj Tim Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the ‘My Trade’ category of the dashboard that lets you post your trades, verifiable or not. There are three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you import 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 upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.