The stock market can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be very difficult to get back to where you were your most productive. If you’re immersed in the water it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve discovered an option that can help you in your improvement within the field. This review will take 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. 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 Top Penny Stocks
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines that the site. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” This idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students, and 2) giving anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Timothy Sykes Top Penny Stocks
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account for free, but you’re only given the ability to navigate through the leaderboard and follow 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, you will need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate that you’re worthy to the community of traders. You are also able to use Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can decide to share your trades, either verified or not, by taking pictures. Included in Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account, and more ways to interact with your experts via chatrooms as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an avenue for small companies to move into a larger market because they can access capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trader. At 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 made use of the show to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit through their years of expertise. Timothy Sykes Top Penny Stocks
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. 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: the founder and 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 packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when 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, as well as text, e-mail 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 version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, this is the perfect plan for investors who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Timothy Sykes Top Penny Stocks
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also gain 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 online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that cater to traders at different levels. Let’s take a look at what these three levels are and what 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 community. As you sign up for this plan you’ll be offered a range of strong and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. It is in this plan that you can set up an account that is private for sharing 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 does what the name suggests: Cater for those looking to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ stats this could be a disadvantage for those anticipating this level. Timothy Sykes Top Penny Stocks
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month which includes 22% off when billed annually the Pro plan has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create a private profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users select from a variety of video products that are designed to educate and help you understand the ins and outs of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You are probably familiar with chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a area where experts and members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be laid back and not very often engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout 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 be. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as well-equipped with managing trading but the experts already know the way it functions and the risky mix that it carries. It is ideal to make use of Profit.ly’s array 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-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Timothy Sykes Top Penny Stocks
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range 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 products and packages offered might not be enough for the majority of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to instantly benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it would be 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 wasn’t originally intended to be created in this way. Instead, you need to have an open mind. Timothy Sykes Top Penny Stocks
What we are referring to by ‘yes’ is that it could be a useful 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 reduce losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Timothy Sykes Top Penny Stocks
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades within the ‘My Trade’ category of the dashboard. It lets you post your trades, verifiable or not. There are three choices:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities all over the world.
