Stock trading is an exciting game with high stakes. Some days, you could be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your best. If you find yourself constantly stuck in the gutter, you will have to realize that relying on instinct and survival might not be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve found an option that can help you in your growth within the field. We’ll take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Paper Trading Penny Stocks Timothy Sykes
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be informative responsible, transparent, and uplifting with one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was based “on showing every trade, something that has never been previously done.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts as well as students and newsletter writers as well as) allowing all users to learn from the losses and wins to benefit the industry of trading. Paper Trading Penny Stocks Timothy Sykes
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed toward success. You can create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not just a way to show value to a group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may decide to share your trades, whether verified or otherwise, through pictures. In Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account, and more ways to connect with your gurus through 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 is well-known for his efforts in trades in penny stocks. 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. The trading of penny stocks could be viewed as an avenue for small companies to move to a large marketplace as it gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as a trader. When he was 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their collective years of expertise. Paper Trading Penny Stocks Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them an expert 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 others. At the time of writing, only two gurus remain on this platform: 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 take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as Android devices, 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 that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated weekly.
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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 both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Paper Trading Penny Stocks Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile application, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign to this plan you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort and filter your trades; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to use many of the features of the Novice plan. This plan allows that you can set up an individual profile that allows you to share with other associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their skills in trading. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats this could be a disadvantage for those who are eager to try this new tier. Paper Trading Penny Stocks Timothy Sykes
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount for billing annually This plan offers everything. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating your own private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few other services they provide. One of these is its online store, which allows users to choose from a wide array of video products created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You may be familiar with the concept of the chat room as 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 the chat room is viewed as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. One of them may be more laid back and less engaged, while another could be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able choose from the items on its store online that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be treated as a joke.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable to people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help assist them in the ever-changing trading process. Paper Trading Penny Stocks Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the many services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be a ‘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 meant to be designed in this way. Instead, you need to have curiosity. Paper Trading Penny Stocks Timothy Sykes
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and perform better than before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Paper Trading Penny Stocks Timothy Sykes
How do you use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades within the My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, 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 both right and left.