Stock trading can be a high-stakes game. On some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to where you were your best. If you are always in the mud it is important be aware that relying solely 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. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you to improve your performance in the industry. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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 Timothy Sykes Penny Stock Summit
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are just beginning their journey as well as a place for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast variety of tools to facilitate trade and communication and letting traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data 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 created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was based “on showing all trades, something that has never been prior to.” The idea, he added, served two purposes: 1) creating public track records for not just the gurus, but also the students and newsletter writers as well as) giving all users to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Penny Stock Summit
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared at achieving the success of their business. You can create an account on the site at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to show that you’re worthy to the community of traders. You are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could opt to post your trades, verified or otherwise, through photographs. In Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a market that is larger as they can access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the trading experts who have made substantial amounts of money through their years of expertise. Timothy Sykes Penny Stock Summit
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most famous experts were 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 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, let’s take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Penny Stock Summit
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your hands on what we call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. In this plan, that you can set up a private profile 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 is exactly what it says catering to those who desire to harness 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 view the statistics of other traders that might be a drawback for those who are looking forward to this tier. Timothy Sykes Penny Stock Summit
This is by far the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, with a 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few more services it has to provide. One of these is its online store, where customers can pick from a range of videos that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other related to trading, videos and footage from The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be a laid-back person who is less engaged, while another could be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips by its internal gurus and members. They’ll also be able choose from the items in its online store to carry with them wherever they may travel. You can also get hands-on experience trading on the platform, however they’ll be able to realize that this is a high stakes game that should not be viewed as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s array of features to their best advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Timothy Sykes Penny Stock Summit
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes Penny Stock Summit
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources to be helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Timothy Sykes Penny Stock Summit
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the My Trade’ category of the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and on 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 investors and traders, as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities in the stock market left and right.