Stock trading is an extremely risky game. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were at your peak. If you are always in the mud, you will have to realize that relying on instinct and survival might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve found an option that can help you in your growth within the field. This review will take the time to look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Timothy Sykes Penny Stock Trading
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The concept, he added, served two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter authors and students, and 2) giving everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Timothy Sykes Penny Stock Trading
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed at achieving success. You can create an account for free, but you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re looking 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 offers that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of 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, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, you can decide to share your trades, whether verified or otherwise, through screenshots. In Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile and other methods to interact with your experts through the chatroom in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a large marketplace as they can access capital from the 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.
Beginning in his late years in high school, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial amounts of money from their combined years of knowledge. Timothy Sykes Penny Stock Trading
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus 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. When we take that into account Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices; 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, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans including alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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 he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Timothy Sykes Penny Stock Trading
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that you’ll also have the ability to access premium reports on research 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 industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three tiers are and how much 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 world. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price, there is a downside. You can’t create a private account, making your actions public. If you do want to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to use many of the features of the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with other associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their expertise in trading. 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, which could be a disadvantage for those who are looking forward to this tier. Timothy Sykes Penny Stock Trading
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, with an additional 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all features from the two prior plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create an individual profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of them is the online store, which lets users pick from a range of videos created to provide guidance on the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be laid back and rarely engaged, while another could be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able select from the products in its online store for them to take wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to them as those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Timothy Sykes Penny Stock Trading
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core capabilities, 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 everyone
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- As traders may opt to open any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to offer
The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Timothy Sykes Penny Stock Trading
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources helpful as they do their best to reduce loss and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being a better trader and want to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Penny Stock Trading
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the My Trade category on the dashboard. It allows you to post your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.