Stock trading is a high-stakes game. Some days, you might enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it can be very difficult to return to the point you were at your most productive. If you’re always in the mud You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Pennypro Vs Tim Sykes
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative and accountable, as well as transparent and encouraging each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two objectives: one) creating public track records for not just the gurus as well as newsletter writers and students as well as) allowing all users to gain insight into both losses and wins to the benefit of the trading industry. Pennypro Vs Tim Sykes
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving success. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of how the community of traders performs and its gurus. It’s not just a way to demonstrate your worth to a group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, whether verified or not, by taking pictures. Also included in Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account and other methods to connect with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small companies to move to a market that is larger as they can access capital from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms and penny stock themes as well as educational content targeted 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 openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial profits through their years of experience. Pennypro Vs Tim Sykes
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on this platform: the 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 we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides 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 be able to observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality 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 committed to the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Pennypro Vs Tim Sykes
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. Alongside the standard features 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 and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, 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 at 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 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 will be immediately 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 in and of itself.
Among the list of things you can accomplish with 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 your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort as well as filter trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re looking to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. This plan allows that you can create an account that is private for sharing with fellow associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve 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 the statistics of other traders, which might be a drawback for some who may be anticipating this level. Pennypro Vs Tim Sykes
This is by far the highest premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, with an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create an individual profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can 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 on this page of the website can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are included in Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One might be a laid-back person who is rarely active, while another might be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for everyone.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice from the in-house experts and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they go. They can also gain hands-on experience trading on the platform, however, they will soon learn that this is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as adept at dealing with trading issues however, experienced traders know how it works and the plethora of risks that come with it. It is ideal to use Profit.ly’s range of features to their full advantage to enhance their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Pennypro Vs Tim Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users will immediately take advantage of the numerous services the platform has to offer
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, you should have curiosity. Pennypro Vs Tim Sykes
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources helpful in their efforts to avoid losses and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Pennypro Vs Tim Sykes
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the “My Trade’ category of the dashboard. It lets you post your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.