Stock trading is a high-stakes game. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were your peak. If you’re always in the mud it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve found a platform that can support you to improve your performance in the industry. We’ll take the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Books To Read
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and uplifting with each other through its broad variety 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 website which serves as a training and learning platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from every field of business connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was based “on showing every trade, something that has never been previously done.” The concept, he added, served two goals: 1.) making public records for all traders, not just the gurus as well as newsletter writers and students and secondly) making it possible for all users to gain insight into both the wins and losses to benefit the industry of trading. Timothy Sykes Books To Read
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. You can create an account there at no cost, however you’re limited to access to the leaderboard and follow the activities 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 subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to demonstrate your worth to a large group of traders, but you can also utilize Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you may opt to post your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to connect 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 has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is an avenue for small businesses to transition to a large marketplace as it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious 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 show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their collective years of experience. Timothy Sykes Books To Read
At its peak, 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 prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Timothy Sykes Books To Read
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down 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 people who are brand new to the world of trading. Once you have signed to this plan, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re looking to have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. It is in this plan that you are able to create an account that is private to share with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics this could be a disadvantage for those who are anticipating this level. Timothy Sykes Books To Read
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 each month with a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, where customers can choose from a wide array of video products created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage taken from events like 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 array of services and features. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be more laid back and less active, while another might be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able choose from the items on its store online to carry with them wherever they be. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly equally suited to those who are just starting. Although the novices might not be as adept at managing trading but the experts already know how it works along with the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Timothy Sykes Books To Read
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to open any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the many services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you need to have an open mind. Timothy Sykes Books To Read
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources to be helpful when they try their best to avoid loss and perform better than they did before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your mentors and peers on the way, look no further – Profit.ly may be a great option to begin.
FAQ Timothy Sykes Books To Read
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the “My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using 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 on the stock market all over the world.