The stock market can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were at your most productive. If you’re immersed in the water, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve found an online platform that will help you in your improvement in the market. This review will be taking a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Tim Sykes Penny Stocks Summit
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative responsible, transparent, and encouraging each other through its broad variety of tools and features such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Consider it the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” This idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as newsletter writers and students, and 2) giving everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Tim Sykes Penny Stocks Summit
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared toward the success of their business. It is possible to create an account there for free, but you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to demonstrate that you’re worthy to the large group of traders. You can also use Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you may decide to share your trades, verified or not, by taking screenshots. Also included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile and other methods to communicate with your gurus through the chatroom 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 trader who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. Penny stock trading is an opportunity for small companies to move to a large marketplace as they can access money from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place of 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 amazing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money from their collective years of expertise. Tim Sykes Penny Stocks Summit
At its peak, Profit.ly had housed up to five gurus, all 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. As of this writing, however, only two gurus remain on the platform: the 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 take a look at the packages each guru offers.
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 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, as well as text, e-mail, 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, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Tim Sykes Penny Stocks Summit
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
The film “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 through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally you’ll also have access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this package you’ll be offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we call a competitive procedure in its own.
The list of features 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 giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you do want to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. It is in this plan that you are able to create a private profile to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their expertise in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you will not be able to see the statistics of other traders, which could be a problem for those anticipating this level. Tim Sykes Penny Stocks Summit
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, which includes 22% off for billing annually This plan offers everything. You get full, no-holds-barred access to all features of the previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users pick from a range of videos created to guide you through the ins and outs of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading specialist 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 scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You are probably familiar with the chat room as you can see it across social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly, it is seen as a area where experts and 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 less active, while another may be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn 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 years of exposure down the line, we see Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s variety of features to their best advantage to develop their trading skills. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Tim Sykes Penny Stocks Summit
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase 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 unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Tim Sykes Penny Stocks Summit
What we mean”yes” is that it can be a great learning tool. People who are stuck could find Profit.ly’s variety of resources useful when they try their best to avoid losses and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly want to become a better trader and want to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Tim Sykes Penny Stocks Summit
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the ‘My Trade category on the dashboard which lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could 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 available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app 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, since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.
