Stock trading can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be very difficult to get back to where you were at your most productive. If you’re constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your growth within the field. This review will take the time to look at Profit.ly is a well-known one-stop 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 Trading Penny Stocks Timothy Sykes
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informative responsible, transparent, and to build relationships with each other by offering a wide range of features and tools including trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter writers and students and secondly) giving anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Trading Penny Stocks Timothy Sykes
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared toward achievement. You can create an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to show value to a large group of traders. You can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you can opt to post your trades, verified or not, via pictures. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts through the chatroom in addition to email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms, 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 of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned substantial profits through their years of knowledge. Trading Penny Stocks Timothy Sykes
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus 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 we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will observe him focus on basic stock catalysts and employ them to forecast the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as 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 most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated every week.
The following video is 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 trading profits. Trading Penny Stocks Timothy Sykes
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally, you’ll also get the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels, each designed for traders of 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 beginning-of-the-line plan specifically for those who are new to the trading world. When you sign to this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we call a competitive process in and of itself.
Among the list of things you can do using 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. You can also get on leaderboards; analyze 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 looks attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re interested in gain the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from a majority of features from The Novice package. It is in this plan that you can set up an account that is private to share with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to see the statistics of other traders this could be a problem for those who are looking forward to this tier. Trading Penny Stocks Timothy Sykes
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, with an additional 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create an individual profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of videos that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You are probably familiar with chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a space where experts and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members. Some may be a laid-back person who is less engaged, while another could be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able pick from the merchandise available in its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to the newcomers. While the newbies may not be as adept at managing trading, 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 options to their maximum advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! 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 skills to others in order to guide them through the ever-illustrious trading process. Trading Penny Stocks Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You will receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the number of services the platform has to provide
The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Trading Penny Stocks Timothy Sykes
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly want to become more successful in trading and would like to be taught by your peers and experts on the way, look no further – Profit.ly could be a good choice to start.
FAQ Trading Penny Stocks Timothy Sykes
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the ‘My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities all over the world.