Stock trading is a high-stakes game. On certain days, you may have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite 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 have be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you in your growth in the industry. This review will be taking the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tim Sykes 7 Step Penny Stock Framework
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders new to trading as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries that the site. Imagine it as the social media equivalent to 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 guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea, he added, served two purposes: 1) keeping track of public data for not just the gurus as well as students and newsletter writers and secondly) allowing everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Tim Sykes 7 Step Penny Stock Framework
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared at achieving success. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at how the community of traders performs as well as its experts. It’s not just a way to prove value to a group of traders, as you can also utilize Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, you may decide to share your trades, either verified or not, via photographs. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus via chatrooms as well as 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 guru who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market is a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have made substantial profits from their collective years of experience. Tim Sykes 7 Step Penny Stock Framework
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. 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 found in prior plans, such as swing trading alerts and unlimited access to a rich 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 under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tim Sykes 7 Step Penny Stock Framework
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 to the daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also gain an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign to this plan you’ll be given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you can set up a private profile for sharing 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 is exactly what it says: Cater to those who desire to harness their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics this could be a problem for those anticipating this level. Tim Sykes 7 Step Penny Stock Framework
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, which includes 22% off for annual billing, this tier has everything. It gives you full, unlimited access to all features from the two previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create your own private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few other services they offer. One of them is the 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 in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and footage of events like 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 range of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One might be laid back and rarely active, while another might be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able to choose from the items from its online store to carry with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Tim Sykes 7 Step Penny Stock Framework
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include 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 and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it would be a ‘yes’. But you need to understand 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 an open mind. Tim Sykes 7 Step Penny Stock Framework
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s array of resources 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 is able to accommodate novices and even experts in the field!
If you truly care about being better at trading and wish to be taught by your mentors and peers on the way, look no further – Profit.ly could be a good choice to start.
FAQ Tim Sykes 7 Step Penny Stock Framework
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the My Trade category on the dashboard which lets you post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is evident by the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people 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 grow and learn more about acquiring opportunities in the stock market all over the world.
