Stock trading is an extremely risky game. On some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be very difficult to return to where you were your best. If you are constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified an online platform that will help you in your growth within the field. This review will be taking an in-depth 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.
Overall Rating: 4.1/5 Penny Stocking 101 Timothy Sykes
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features like trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast range of resources for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was based “on showing all trades, something that was never prior to.” The concept, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter authors and students, and 2) making it possible for all users to learn from both losses and wins for the trading industry’s benefit. Penny Stocking 101 Timothy Sykes
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving achievement. You can create an account there for free, but you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its gurus. It’s not just a way to show that you’re worthy to the group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the idea of divulging the details of your broker account then you could choose to publish your trades, whether verified or not, by taking pictures. In Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account and other methods to interact with your experts in the chatroom, along with 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 personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an avenue for small businesses to transition into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their combined years of experience. Penny Stocking 101 Timothy 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 were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: Founder of the penny stock market 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stocking 101 Timothy Sykes
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile application, daily market updates in real-time, and SMS and e-mail alerts.
From “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. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. When you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows users to benefit from the majority of features available in the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders, which might be a drawback for those looking forward to this tier. Penny Stocking 101 Timothy Sykes
Pro Plan
This is by far the most premium package that Profit.ly offers to experienced traders. With $74.95 each month and an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, which allows users to select from a variety of videos designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of services and features. You may be familiar with the chat room as you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly it’s seen as a place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be laid back and rarely active, while another may be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the road, we consider Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as proficient in managing trading but the experts already know how it works along with 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 develop their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Penny Stocking 101 Timothy Sykes
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and insights from its in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have the ability to think with an open heart. Penny Stocking 101 Timothy Sykes
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you really care about being a better trader and want to learn from your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Penny Stocking 101 Timothy Sykes
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.
