Stock trading is a high-stakes game. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it can be very difficult to get back to where you were your peak. If you’re constantly stuck in the gutter You will need to recognize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance in the industry. In this review, we’ll be taking an in-depth look at Profit.ly is a well-known 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 Stocks Free Lessons Timothy Sykes
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers as well as) giving anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Penny Stocks Free Lessons Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared towards achieving success. You can create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offers, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at how the community of traders performs and its experts. It’s not just a way to demonstrate value to a large group of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, verified or not, via pictures. In Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, in addition to text and e-mail alerts and 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 efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small companies to move to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the trading experts who have made substantial amounts of money through their years of expertise. Penny Stocks Free Lessons Timothy Sykes
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices; texts, emails, 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 that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is a great option for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, including alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Penny Stocks Free Lessons Timothy Sykes
The Superman Alerts plan is an 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 stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much 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 trading world. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, 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 for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to get access to this feature, 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 use a majority of features from the Novice plan. In this plan, that you are able to create an account that is private to share with other associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats this might be a drawback for those who are anticipating this level. Penny Stocks Free Lessons Timothy Sykes
The Pro plan is the most premium package that Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create a private profile. Both of these features, on top of all 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 level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few other services they provide. One of these is its online store, where customers can pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes from 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 array of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be more laid back and rarely active, while another might be more online and communicative to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products on its store online to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Penny Stocks Free Lessons Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its customers
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the number of features the platform is able to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be 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 in this way. Instead, it is best to keep curiosity. Penny Stocks Free Lessons Timothy Sykes
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s range of resources to be helpful in their efforts to avoid loss and perform better than before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really care about being more successful in trading and would like to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Penny Stocks Free Lessons Timothy Sykes
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the My Trade section of the dashboard. It allows you to post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.