Stock trading can be an extremely risky game. On some days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it can be very difficult to return to the point you were at your best. If you find yourself always in the mud You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the world, which is why we’ve found an option that can help you in your growth within the field. We’ll take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Timothy Sykes Free Watchlist
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed, transparent, accountable, and to build relationships with one another through its wide variety of tools and features such as 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 learning and education platform for people who are starting out 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 range of resources for communication and trade and letting traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus and students and newsletter writers as well as) making it possible for all users to gain insight into both the wins and losses for the trading industry’s benefit. Timothy Sykes Free Watchlist
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. You may set up 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 looking to invest your money to see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the credibility of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through photographs. In Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading could be viewed as an avenue for small businesses to transition to a market that is larger as it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial amounts of money through their years of experience. Timothy Sykes Free Watchlist
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: 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 Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices; texts, emails and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is a great option for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Free Watchlist
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you do want to gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows you to take advantage of 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 associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics that could be a disadvantage for those who are eager to try this new tier. Timothy Sykes Free Watchlist
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, which includes a 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the options of the previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create an individual profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which allows users to pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and clips from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. Some may be a laid-back person who is not very often active, while another might be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able to select from the products from its online store for them to take wherever they be. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable to those who are just starting. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works along with the risky mix associated with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like novices, they can 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 and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Free Watchlist
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- 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 capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the many services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, you need to have the ability to think with an open heart. Timothy Sykes Free Watchlist
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s array of resources helpful as they do their best to reduce losses and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Timothy Sykes Free Watchlist
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades under the ‘My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.