The stock market can be a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be very difficult to get back to where you were your most productive. If you find yourself immersed in the water it is important to realize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve discovered a platform that can support you in your growth in the industry. We’ll be taking a look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Timothy Sykes Penny Stocks Terms
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 allows traders of various levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” This idea Sykes said served two objectives: one) creating public track records for everyone, not just the experts as well as students and newsletter writers, and 2) giving all users to be enlightened by both the wins and losses to the benefit of the trading industry. Timothy Sykes Penny Stocks Terms
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared at achieving success. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at their performance as a trading group and its experts. You’re not just allowed to prove your worth to a community of traders, but you can also utilize Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or not, via photographs. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to connect with your gurus through 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 trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading is an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to money from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a place for transparency 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 and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their collective years of experience. Timothy Sykes Penny Stocks Terms
At its peak, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus 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 we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, as well as email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated every week.
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From “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. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Timothy Sykes Penny Stocks Terms
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile application, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. As you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, which makes your personal information public. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. In this plan, that you can set up an account that is private for sharing with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their skills in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders this could be a disadvantage for those who are anticipating this level. Timothy Sykes Penny Stocks Terms
Pro Plan
This is by far the most luxurious package Profit.ly offers to experienced traders. With $74.95 per month, with 22% off for billing annually, this tier has everything. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create your own private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users choose from a wide array of video products 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. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly it’s seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be a laid-back person who is not very often engaged, while another could be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily 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 for them to take wherever they may travel. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as adept at handling trading matters however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may use Profit.ly’s range of features to their best advantage to develop their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Penny Stocks Terms
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- If traders decide to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, you should have the ability to think with an open heart. Timothy Sykes Penny Stocks Terms
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Timothy Sykes Penny Stocks Terms
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade section of the dashboard which allows you to post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market left and right.
