Stock trading is a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it could be very difficult to get back to the point you were at your peak. If you find yourself always in the mud, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve discovered a platform that can support you in your improvement within the field. This review will be taking 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 How To Be A Millionaire Timothy Sykes Book
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative, transparent, accountable, and encouraging one another through its wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for people who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” This idea, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers, and 2) giving anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. How To Be A Millionaire Timothy Sykes Book
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You can create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account, and you have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not only a chance to demonstrate your worth to a community of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you can opt to post your trades, either verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile, and more ways to interact with your experts through the chatroom in addition to 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 famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition to a large marketplace as it allows them to access capital from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and 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 place for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial amounts of money from their collective years of experience. How To Be A Millionaire Timothy Sykes Book
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the prominent 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 this platform: Founder as well as 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. How To Be A Millionaire Timothy Sykes Book
The Superman Alerts package 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 as well as the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed up for this package you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re interested in have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to take advantage of a majority of features from the novice plan. This plan allows that you are able to create an individual profile that allows you to share with other associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their skills in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders, which could be a problem for those eager to try this new tier. How To Be A Millionaire Timothy Sykes Book
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all features of the previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create an individual profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of other services they offer. One of these is its online store, which lets users choose from a wide array of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the members there. One of them may be laid back and less active, while another may be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. Additionally, they can select from the products in its online store for them to take wherever they go. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as adept at dealing with trading issues however, experienced traders know how it works along with the risky mix that it carries. Ideally, they may make use of Profit.ly’s array of features to their full advantage to develop their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ 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 on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. How To Be A Millionaire Timothy Sykes Book
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created to achieve this goal. Instead, you should have an open mind. How To Be A Millionaire Timothy Sykes Book
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s array of resources helpful when they try their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ How To Be A Millionaire Timothy Sykes Book
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the My Trade section of the dashboard. It lets you record your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently on 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 help each other grow and learn more about acquiring opportunities in the stock market all over the world.