Stock trading is an extremely risky game. On certain days, you might have the benefit of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your best. If you are immersed in the water You will need be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the industry. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 How Much Is Tim Wonnacott Worth
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” The idea Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus and newsletter writers and students, and 2) allowing anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. How Much Is Tim Wonnacott Worth
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving achievement. It is possible to create an account there for free, but you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, 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 prove that you’re worthy to the large group of traders, but you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the veracity of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, whether verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to interact with your experts via chatrooms 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 is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading is a stepping stone for small businesses to transition into a larger market because it gives them access to capital from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial amounts of money from their collective years of expertise. How Much Is Tim Wonnacott Worth
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: the founder as well as 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS and Android devices; email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. How Much Is Tim Wonnacott Worth
The Superman Alerts plan is his offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition you’ll also have 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 online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even texting other traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to get the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the novice plan. In this plan, that you can set up an account that is private to share with other associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to harness their skills in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders that could be a problem for some who may be eager to try this new tier. How Much Is Tim Wonnacott Worth
This is by far the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month and 22% off when billed annually, this tier has everything. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage taken from 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 variety of features and services. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a 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 there. One might be more laid back and less active, while another might be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice from the in-house experts and members. They’ll also be able to select from the products on its store online for them to take wherever they travel. They can also gain hands-on experiences from trading within the platform, however they’ll realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to the newcomers. Although the novices might not be as proficient in managing trading however, experienced traders know how it works along with the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. How Much Is Tim Wonnacott Worth
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its users
- As traders may opt to post any kind of trade, there is the 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 overlooked.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, it is best to keep an open mind. How Much Is Tim Wonnacott Worth
What we do mean”yes” is it is a fantastic learning tool. People who are stuck may find Profit.ly’s variety of resources useful when they try their best to incur lesser loss and perform better than they did before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be a better trader and want to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ How Much Is Tim Wonnacott Worth
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the “My Trade’ category of the dashboard which lets you record your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities both right and left.