Stock trading is a high-stakes game. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were your best. If you’re constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your growth within the field. In this review, we’ll take an in-depth 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 Pennystocking
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informative and accountable, as well as transparent and encouraging each other through its broad range of features and tools 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 that serves both as a learning and education platform for those who are starting out and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication that help traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform for trading 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 founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” The concept, he added, served two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter authors and students as well as) giving everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Timothy Sykes Pennystocking
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared toward the success of their business. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not only a chance to show value to a community of traders, but you are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills 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 choose to publish your trades, whether verified or otherwise, through photographs. Included in Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful 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 series “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their combined years of experience. Timothy Sykes Pennystocking
At its height, 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, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS and Android devices, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Pennystocking
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition 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 world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. In this plan, that you can create a private profile to share with other associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to develop their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which might be a drawback for those who are eager to try this new tier. Timothy Sykes Pennystocking
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, and 22% off for annual billing the Pro plan has it all. You get full, no-holds-barred access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating an individual profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a real-time space where experts and their members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. Some may be laid back and less engaged, while another could be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to the most experienced. Given the wide range of options it has to offer it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus as well as their members. Additionally, they can select from the products from its online store that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to them as the newcomers. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Pennystocking
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Timothy Sykes Pennystocking
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources helpful as they do their best to avoid losses and perform better than before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being better at trading and wish to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Timothy Sykes Pennystocking
How can you make use of Profit.ly to make your trades public?
Profit.ly includes a trade entry portion within the “My Trade section of the dashboard which lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.