Stock trading is an exciting game with high stakes. Some days, you could enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to the point you were at your best. If you are immersed in the water, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve identified an option that can help you in your improvement in the market. In this review, we’ll be taking a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Timothy Sykes Penny Stocks Book
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informative responsible, transparent, and encouraging one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders new to trading as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” The idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts as well as newsletter authors and students and secondly) making it possible for everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Timothy Sykes Penny Stocks Book
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving success. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. It’s not just a way to show value to a community of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as an avenue for small businesses to transition to a market that is larger as they can access capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial profits from their combined years of experience. Timothy Sykes Penny Stocks Book
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast 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 app that’s available on iOS as well as Android devices, email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Penny Stocks Book
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base 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 weekly video lessons, including an ever-growing library of the previous ones. On top of that, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign up for this package you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and, finally, see 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. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to use the majority of features available in The Novice package. This plan allows that you can set up a private profile for sharing with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their trading skills. While it’s nice however, there’s a crucial element that’s 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 who are eager to try this new tier. Timothy Sykes Penny Stocks Book
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month and an additional 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. Both of these features, plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of more services it has to offer. One of these is its online store, where customers can pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a hands-on space where experts and their members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One might be more laid back and not very often active, while another may be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of the forum in its 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, ranging from novices to the most experienced. Given the wide range of options it offers it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the line, we see Profit.ly equally suited for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works and the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to develop their skills in trading. Like novices, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Timothy Sykes Penny Stocks Book
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the many features the platform is able to provide
The Final Verdict is: Is Profit.ly Worth It?
If we could think of the answer, it would be yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used in this way. Instead, you should have curiosity. Timothy Sykes Penny Stocks Book
What we mean”yes” is it can be a great learning tool. Those who may be stuck may find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and be more successful than they did before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be 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 could be a good option to begin.
FAQ Timothy Sykes Penny Stocks Book
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the ‘My Trade section of the dashboard that lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and 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 currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.