Stock trading is an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be extremely difficult to get back to where you were your most productive. If you are immersed in the water You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the industry. This review will take 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 Tim Sykes Penny Stock Framework
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad array of tools and features like chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for communication and trade and letting traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was created in the past by penny stock trade expert and investment expert 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 all trades, something that has never been done before.” This idea Sykes said served two purposes: 1) creating public track records for everyone, not just the experts as well as newsletter writers and students and secondly) allowing all users to learn from both the wins and losses for the trading industry’s benefit. Tim Sykes Penny Stock Framework
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. You may set up an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create an account with your experience and expertise, connect your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of the performance of the trading community as well as its gurus. You’re not just allowed to prove value to a community of traders. You can also utilize Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the credibility of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can choose to publish your trades, verified or not, via photographs. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education 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 made substantial amounts of money from their collective years of experience. Tim Sykes Penny Stock Framework
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 per month, it is a great option for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Tim Sykes Penny Stock Framework
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to take advantage of many of the features of the novice plan. In this plan, that you are able to create a private profile to share with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their trading skills. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ statistics that could be a problem for those who are eager to try this new tier. Tim Sykes Penny Stock Framework
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, and an additional 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create an individual profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few other services they provide. One of those is its online store, which lets users select from a variety of video products designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and scenes from The Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a hands-on area where experts and members can interact and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be a laid-back person who is not very often active, while another may be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. Ideally, they may use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Tim Sykes Penny Stock Framework
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You will receive excellent training and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable 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 packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and services offered could be too much for most of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have an open mind. Tim Sykes Penny Stock Framework
What we do mean”yes” is it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s array 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 benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become a better trader and want to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Tim Sykes Penny Stock Framework
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the “My Trade category on the dashboard. It lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.