Stock trading is an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were at your most productive. If you’re always in the mud, you will have to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant 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 in the industry. We’ll be taking the time to look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Penny Stock 101 Timothy Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informative and accountable, as well as transparent and uplifting with each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The concept Sykes said served two objectives: one) making public records for everyone, not just the experts and newsletter writers and students and secondly) giving all users to be enlightened by both losses and wins to the benefit of the trading industry. Penny Stock 101 Timothy Sykes
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared toward achievement. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the group of traders, as you can also use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could opt to post your trades, verified or not, via photographs. In Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus in 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 trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about 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 most appealing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make significant amounts of profit from their collective years of expertise. Penny Stock 101 Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, 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. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational 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 alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock 101 Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition, you’ll also get access to premium research reports 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 leave your mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s break down what these three levels are and what they will cost you.
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. Once you have signed up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ statistics, which might be a drawback for those who are anticipating this level. Penny Stock 101 Timothy Sykes
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 monthly, with a 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which allows users to select from a variety of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all 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 also part of Profit.ly’s variety of services and features. You are probably familiar with the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a place where gurus and their members can interact and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members. One of them may be laid back and less active, while another might be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items from its online store that they can take with them wherever they may travel. You can also get hands-on experiences from trading within the platform, however they’ll realize that the process is a risky game that shouldn’t be taken as a joke.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable to the newcomers. While novice traders may not be as adept at managing trading but the experts already know how it works and the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Penny Stock 101 Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- If traders decide to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings This could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, you need to have curiosity. Penny Stock 101 Timothy Sykes
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources helpful as they do their best to reduce losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become a better trader and want to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Penny Stock 101 Timothy Sykes
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the My Trade section of the dashboard which lets you record your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s an excellent 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 classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
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 app version is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market both right and left.