Stock trading can be an extremely risky game. Some days, you could be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to the point you were at your most productive. If you’re always in the mud, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your growth in the market. In this review, we’ll take the time to 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.
Total Rating: 4.1/5 Timothy Sykes Penny Stocks 101 Guide
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 enables traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Consider it the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two goals: 1.) creating public track records for not just the gurus, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Timothy Sykes Penny Stocks 101 Guide
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed towards achieving the success of their business. You may set up an account at no cost, however you’re only given access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready 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, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group as well as its gurus. You’re not just allowed to prove your worth to a community of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the veracity of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you may opt to post your trades, verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small businesses to transition to a large marketplace as it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to develop trading rooms and 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 openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their combined years of knowledge. Timothy Sykes Penny Stocks 101 Guide
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche 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 only two gurus remain on the platform: 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 the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both 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 all-time trading profits. Timothy Sykes Penny Stocks 101 Guide
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, 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, plus access to the extensive knowledge base that is provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager 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. The platform offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to get access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the novice plan. This plan allows that you can create a private profile to share with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their trading skills. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able view the statistics of other traders, which might be a drawback for those anticipating this level. Timothy Sykes Penny Stocks 101 Guide
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create a private profile. Both of these options, plus the other benefits that you can use to the maximum extent. 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 the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and dealing with the members. One might be a laid-back person who is rarely active, while another may be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also get daily videos and chat room advice by its internal gurus and members. They’ll also be able choose from the items from its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as adept at handling trading matters, the pros already understand how it works along with the risky mix associated with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Timothy Sykes Penny Stocks 101 Guide
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- As traders may opt to make any type of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, you should have curiosity. Timothy Sykes Penny Stocks 101 Guide
What we mean”yes” is it could be a useful learning tool. People who are stuck might find Profit.ly’s range of resources useful as they do their best to avoid loss and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Penny Stocks 101 Guide
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using 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 from a reputable brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are connected to 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 to help one another learn and improve in acquiring stock market opportunities left and right.
