Stock trading is a high-stakes game. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be very difficult to return to where you were your most productive. If you are immersed in the water it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve found an option that can help you to improve your performance in the industry. This review will take the time to look at Profit.ly is a well-known all-in-one 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 Penny Stock Book Tim Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed, transparent, accountable, and to build relationships with each other through its broad array of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for those who are starting out and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas that the site. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The idea, he added, served two goals: 1.) keeping track of public data for not just the gurus as well as students and newsletter writers and secondly) giving anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Penny Stock Book Tim Sykes
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared toward achievement. You can create an account on the site for free, but you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and knowledge, then connect 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 an insight into the performance of the trading community and its gurus. It’s not just a way to show your worth to a large group of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you can choose to publish your trades, either verified or not, by taking pictures. Included in Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small companies to move to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial profits through their years of experience. Penny Stock Book Tim Sykes
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the 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, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast 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 application that is available for iOS and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Book Tim Sykes
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, and 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 an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this package you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making 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 plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with fellow associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their expertise in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders, which might be a drawback for those eager to try this new tier. Penny Stock Book Tim Sykes
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, and a 22% discount when billed annually, this tier has it all. You get full, no-holds-barred access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of other services they provide. One of those is its online store, which allows users to choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. These include best-selling products like”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, as well as all related to trading, videos and footage of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You’re probably familiar with the concept of chat rooms 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 real-time space where experts 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 in dealing with the members. One of them may be laid back and rarely active, while another may be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for everyone.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able choose from the items on its store online to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as adept at managing trading but the experts already know how it works and the risky mix associated with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Penny Stock Book Tim Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you should have the ability to think with an open heart. Penny Stock Book Tim Sykes
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s array of resources useful when they try their best to avoid loss and perform better than they did before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really care about being more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Penny Stock Book Tim Sykes
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the My Trade category on the dashboard that lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo 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 is the probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, 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 most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.
