Stock trading is an exciting game with high stakes. On some days, you may have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you find yourself always in the mud, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your improvement within the field. This review will be taking an in-depth look at Profit.ly, a well-recognized 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 Timothy Sykes Penny Stock October
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed and accountable, as well as transparent and encouraging one another through its wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those who are starting out as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine 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 of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The concept, he added, served two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter writers and students as well as) making it possible for all users to gain insight into both the wins and losses to benefit the industry of trading. Timothy Sykes Penny Stock October
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed toward achievement. It is possible to create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time You’ll need to join one of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account and you have yourself 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 look at their performance as a trading group and its experts. It’s not just a way to prove that you’re worthy to the group of traders, as you are also able to use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you may choose to publish your trades, whether verified or otherwise, through pictures. Included in Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market can be seen as an avenue for small businesses to transition to a market that is larger as it gives them access to capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial amounts of money through their years of expertise. Timothy Sykes Penny Stock October
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the 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 the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available on 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 version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes Penny Stock October
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, as well as email 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 the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all 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 plans and costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what call a competitive process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting other 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, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. You can’t create a private account, making your actions public. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can create an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats this might be a drawback for some who may be looking forward to this tier. Timothy Sykes Penny Stock October
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month and 22% off when billed annually This plan offers it all. It gives you full, unlimited access to all options of the previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, which lets users pick from a range of video products created to guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. One might be laid back and not very often active, while another might be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they be. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to them as those who are just starting. While the newbies may not be as well-equipped with managing trading however, experienced traders know the way it functions and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Timothy Sykes Penny Stock October
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always meant to be designed in this way. Instead, it is best to keep curiosity. Timothy Sykes Penny Stock October
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful when they try their best to avoid losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Timothy Sykes Penny Stock October
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the My Trade section of the dashboard which lets you record your trades that are verified or not. 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 the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.