Stock trading can be an extremely risky game. On some days, you may be reaping the benefits of pleasing and positive 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 need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth within the field. This review will take a look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Penny Stock Trading Book Timothy Sykes
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are starting out and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools to facilitate trade and communication, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was based “on showing all trades, something that has never been previously done.” The concept Sykes said served two purposes: 1) keeping track of public data for not just the gurus, but also the newsletter writers and students and secondly) making it possible for anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Penny Stock Trading Book Timothy Sykes
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared toward achievement. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to show value to a large group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of divulging the details of your broker account you may decide to share your trades, verified or not, via photographs. In Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus 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 delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell through his many years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency and to allow the community to rise 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 tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their collective years of expertise. Penny Stock Trading Book Timothy Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, 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. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to predict the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is a great option for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Penny Stock Trading Book Timothy Sykes
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially 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 essential trading tools, each of which is essential to keep your hands on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to take advantage of many of the features of the Novice plan. This plan allows that you can create an individual profile that allows you to share with other associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their trading skills. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ stats that could be a problem for some who may be looking forward to this tier. Penny Stock Trading Book Timothy Sykes
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, which includes an additional 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create a 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 option that gives you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which allows users to choose from a wide array of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You’re probably familiar with the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be a laid-back person who is rarely engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and members. Additionally, they can select from the products in its online store that they can take with them wherever they go. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to 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 come with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to improve their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Penny Stock Trading Book Timothy Sykes
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 tons of learning, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them could profit from selecting the best trades in order to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the many services that the platform can provide
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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’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have curiosity. Penny Stock Trading Book Timothy Sykes
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources useful when they try their best to incur lesser loss and perform better than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Penny Stock Trading Book Timothy Sykes
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the “My Trade category on the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.