Stock trading can be an extremely risky game. On some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to where you were at your peak. If you’re always in the mud, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you in your growth within the field. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Timothy Sykes Penny Stock Oct 16
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide range of features and tools like chat rooms, trade verification and a rich library of educational material.
What exactly 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 as well as a place for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter writers and students as well as) making it possible for everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Timothy Sykes Penny Stock Oct 16
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed towards achieving success. It is possible to create an account on the site for free, but you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create an account with your experience and knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not only a chance to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or not, by taking pictures. Included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, in addition to 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 famously known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market could be viewed as a stepping stone for small companies to move to a large marketplace as it allows them to access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have earned substantial amounts of money from their collective years of expertise. Timothy Sykes Penny Stock Oct 16
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, as well as 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, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts as well as unlimited access to a 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 is known under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Penny Stock Oct 16
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed up for this package, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what we could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the Novice plan. In this plan, that you can create an account that is private for sharing with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to view the statistics of other traders that might be a drawback for those anticipating this level. Timothy Sykes Penny Stock Oct 16
Pro Plan
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. With $74.95 per month, with 22% off for annual billing the Pro plan has it all. You get full, no-holds-barred access to all options of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create your own private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of them is the online store, which allows users to pick from a range of videos that are designed to educate 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. Some of these include bestsellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and clips of 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 variety of features and services. You are probably familiar with the chat room since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a hands-on area where experts and members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members there. One of them may be a laid-back person who is not very often engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they may be. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that this is a risky game that should not be viewed as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to those who are just starting. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the stack full of risks that come with it. It is ideal to make use of Profit.ly’s array of features to their best advantage to develop their trading skills. Like beginners, they can learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are at similar levels to Superman or 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. Timothy Sykes Penny Stock Oct 16
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you when something goes wrong.
- 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 individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
- Since traders can choose to make any type 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 will not allow refunds as its premium users will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, you should have the ability to think with an open heart. Timothy Sykes Penny Stock Oct 16
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s array of resources useful in their efforts to avoid losses and be more successful than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Penny Stock Oct 16
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities all over the world.
