Stock trading is an extremely risky game. Some days, you might have the benefit of positive and satisfying numbers. However, on other days, the opposite may happen and it could be very difficult to return to where you were your best. If you find yourself always in the mud it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you to improve your performance in the industry. This review will be taking an in-depth 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 Stocks 101 Timothy Sykes
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informative responsible, transparent, and uplifting with each other by offering a wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources for communication and trade that help traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The idea Sykes said served two objectives: one) creating public track records for not just the gurus, but also the newsletter writers and students and secondly) allowing all users to learn from the losses and wins to the benefit of the trading industry. Penny Stocks 101 Timothy Sykes
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed at achieving achievement. You can create an account there for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. It’s not just a way to prove that you’re worthy to the large group of traders, but you can also utilize Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can choose to publish your trades, either verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account, and more ways to interact with your experts via chatrooms as well as 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 trading personality who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading could be viewed 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 a high-risk game, which Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish 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 to establish Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety 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 trading experts who have earned substantial amounts of money from their combined years of knowledge. Penny Stocks 101 Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this platform: the founder and 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 packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices, as well as 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 highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Penny Stocks 101 Timothy Sykes
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. On top of the essentials featured 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 as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
Some of the features you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. In this plan, that you can create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able view other traders’ stats that could be a problem for some who may be anticipating this level. Penny Stocks 101 Timothy Sykes
This is by far the most premium package that Profit.ly can offer to experienced traders. At $74.95 per month, with 22% off for annual billing, this tier has it all. It gives you full, unlimited access to all the features of the previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, which lets users choose from a wide array of video products that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. But in Profit.ly the chat room is viewed 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 when it comes to running their chat room and in dealing with the members there. One might be laid back and not very often active, while another may be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able to select from the products on its store online to carry with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as adept at dealing with trading issues, the pros already understand how it works along with the stack full of risks that it carries. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Penny Stocks 101 Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order 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 instantly benefit from the number of services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed in this way. Instead, you need to have curiosity. Penny Stocks 101 Timothy Sykes
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful as they do their best to incur lesser losses and be more successful than they did before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly want to become a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Penny Stocks 101 Timothy Sykes
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade section of the dashboard which lets you record your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, 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 works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.