The stock market can be an extremely risky game. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to return to where you were your peak. If you find yourself always in the mud You will need to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve identified a platform that can support you in your growth in the market. 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 Penny Stock Expert Timothy 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 different levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The concept Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter writers and students and secondly) allowing anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Penny Stock Expert Timothy Sykes
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving the success of their business. You may set up an account at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs and its experts. It’s not just a way to show that you’re worthy to the community of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account then you could choose to publish your trades, either verified or otherwise, through photographs. Included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile, and more ways to interact with your experts in the chatroom, along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition to a large marketplace as they can access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial profits from their collective years of experience. Penny Stock Expert Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most prominent gurus 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: the founder of the penny stock market 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 offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, this is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stock Expert Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed to this plan you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what call a competitive 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 other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in get the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. It is in this plan that you are able to create a private profile to share with other associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their expertise in trading. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able view other traders’ stats that might be a drawback for those eager to try this new tier. Penny Stock Expert Timothy Sykes
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month and 22% off when billed annually This plan offers it all. It gives you full, unlimited access to all features from the two previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few other services they offer. One of those is its online store, which lets users pick from a range of videos designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other related to trading, videos and clips taken from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You may be familiar with the chat room since you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. Some may be laid back and less active, while another may be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus as well as their members. Additionally, they can select from the products on its store online for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to improve their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Penny Stock Expert Timothy Sykes
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may be too much for a lot of its users
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the number of services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Penny Stock Expert Timothy Sykes
What we mean”yes” is it can be a great learning tool. For those who are struggling, they might find Profit.ly’s range of resources useful as they do their best to reduce losses and be more successful than they did before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Penny Stock Expert Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard which lets you post your trades, either verified or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.
