Stock trading can be a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to return to where you were your peak. If you are always in the mud, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time You’ll need 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 world, which is why we’ve discovered an option that can help you to improve your performance in the industry. We’ll be taking 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.
Total Rating: 4.1/5 Penny Stock Silver Timothy Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative responsible, transparent, and encouraging each other by offering a wide range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people new to trading as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide range of resources for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus and newsletter writers and students as well as) making it possible for anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Penny Stock Silver Timothy Sykes
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed at achieving success. You can create an account there at no cost, however you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re looking to invest 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 go over shortly.
Making an account simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to demonstrate your worth to a group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the idea of sharing your brokerage account, you can choose to publish your trades, whether verified or not, via screenshots. 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 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 his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place 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 sweet inclusions is the vast array of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have earned substantial profits from their combined years of experience. Penny Stock Silver 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 prominent gurus 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 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 can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s 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 most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Penny Stock Silver Timothy Sykes
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be 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 in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these 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 just beginning their journey to the world of trading. When you sign 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 call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you do want to have an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of the majority of features available in The Novice package. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ statistics, which could be a disadvantage for some who may be anticipating this level. Penny Stock Silver Timothy Sykes
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, with a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all the features from the two previous plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create your own private profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which lets users select from a variety of videos that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. Some may be more laid back and less active, while another may be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus and their members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works and the stack full of risks associated with it. Ideally, they may use Profit.ly’s array of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Penny Stock Silver Timothy Sykes
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its users
- If traders decide to make any type of trade, there is a possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers will 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 were able to come up with an answer to this question, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you should have curiosity. Penny Stock Silver Timothy Sykes
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources helpful when they try their best to incur lesser loss and perform better than before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Penny Stock Silver Timothy Sykes
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the My Trade’ category of the dashboard which lets you post your trades, verifiable or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot 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 likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market left and right.